Questions | Answers |
---|---|
A machine that allows depository institution customers to complete certain transactions from the machine without the need for human assistance | Automatic Teller Machine |
Accounts offered by depository institutions whose main purpose is to help people manage their money | Savings Tools |
An account that allows quick access to funds for transactions | Checking Account |
An account at a depository institution that is designed to hold money not spent on current consumption | Savings Account |
For‐profit depository businesses that offer financial services to both consumers and other businesses | Commercial Bank |
Allows customers to complete certain transactions from a secured website by using a username and password from any place in the world with Internet access | Online Banking |
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk | Contactless Payment |
Apps that many depository institutions have developed that allow online banking access from devices such as cell phones, tablets and other mobile devices | Mobile Banking |
Depository institutions that offer many banking services and are owned by their customers | Credit Union |
The percentage rate used to calculate interest | Interest Rate |
A plastic card that is electronically connected to the cardholder’s depository institution account | Debit Card |
The price paid for using someone else’s money | Interest |
Businesses that provide financial services | Depository Institutions |
And here are some other online quizzes in the category 'Business and Finance':
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