Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

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.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


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.

Remove ads
Don't know
Know
remaining cards
Save
0:01
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:
Retries:
restart all cards




share
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

Bank Exam Modified

Banking and Finance Test Modified

QuestionAnswer
Money something generally accepted as a medium of exchange, a measure of value or a means of payments
Currencies system of money in general use in a country
Cash form of legal tender which can be used to exchange goods, debt or services
Debit Card payment card which provides the cardholder electronic access to their bank account
Credit Card payment card issued by a bank to cardholders as a method of payment
Personal Check slip of paper which allows the user to make a payment from his or her bank account to a business or individual
FDIC created to insure bank deposits after the major monetary losses that helped begin the Great Depression
Interest the amount of money paid by a customer to a financial institution for borrowing money through a loan, credit card, etc.
Required Minimum Balance least amount required to be kept on deposit in a bank account
Credit Score represents creditworthiness in a person, which is the likelihood he/she will pay debts in a timely manner
Installments buyer gains use of the commodity immediately and pays for it in periodic payments
Lump Sum single sum of money which serves as complete payment
Application Fee money paid to the bank or mortgage company to cover expenses of processing a loan application
Credit Check when a potential lender buys a copy of one’s credit history to determine whether or not he/she is someone with the ability and character to repay a debt
Net Worth total assets minus liabilities or debt
Service Fees you usually do not have to pay these if you have the advantage of a checking and savings account at the same bank
Term known as the length of time you have to pay the loan back in full to the lender
ATM Used to withdraw cash from a checking account.
Balance An amount available or owed on an account.
Check An order to pay another person an amount of money from your account.
Debt The amount you owe on a loan.
Deposit Money placed into an account.
Expense Anything you spend money on.
Income Money earned through work.
Overdraft Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee.
Ethics set of standards of conduct that guide decisions and actions based on duties derived from core values
Who is responsible for restoring your credit when you identity is stolen? yourself
What is stealing of a person’s financial information, such as credit cards and Social Security number, with the intent to make purchases under the person’s identity? Identity Theft
What is strong, usually irresistible impulse to perform an act against a person’s usual behavior? Compulsive Behavior
What is the sudden, involuntary inclination prompting one to take an action which is not well thought-out? Impulse
Created by: Mr.Johnston