Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Obj 2.01&2.02 PF2014

Depository Institutions and The basics of taxes

Automated teller machine (ATM) A machine that allows individuals to complete certain transactions from the machine without human assistance
Checking account An account that allows quick access to funds for transactions
Commercial Bank For-profit depository business that offers financial services to both consumers and other buisnesses
Contactless payment 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
Credit Union Depository institutions that offer many banking services and are owned by their customers
Debit Card A plastic card that is electronically connected to the cardholder's depository institution account
Depository institution Businesses that provide financial services
Intrest The price paid for using someone else's money
Interest rate The percentage rate used to calculate intrest
Mobile banking Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets, and other mobile devices
Online banking Allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet acess
Savings account An account at a depository institution that is designed to hold money not spent on current consumption
Savings tool Accounts offered by depository institution whose main purpose is to help people manage their money
Community A group of people with common interests and concern for the common good
Earned income Money earned from working pay
Excise tax Taxes collected from the seller or retailer and as such often remain "hidden" in the price of a product or service, rather than being listed separately
Income tax A tax on earned and unearned income
Payroll tax A tax on earned income
Property tax A tax on property, such as land, buildings (including homes), and automobiles
Sales tax A tax on purchased goods and services
Taxes A sum of money demanded by government to support the government itself as well as specific facilities or services
Taxpayer A person who pays a tax to national, state, county or municipal government
Unearned income income received from sources other than employment
Created by: trippjo41