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

Unit 1, lesson 3

Review of U1 Lesson 3

What is the percent that is paid on money in a bank account or the money owed? Interest Rate
What type a bank is a full-service financial institution that offers a variety of services? Commercial Bank
What type of financial institution provides loans and mortgages to customers who hold a saving account? Savings and Loans
What is a nonprofit financial cooperative owned by its members? Credit Union
What type of account is an account where paper checks or debit cards are used to withdraw money deposited into the account to pay for items? Checking Account
This type of account is where money is deposited into an account to earn interest. Savings Account
______________ is borrowed money. Loan
Which financial institution usually has the lowest interest rates on loans? Credit Unions
What do you need in order to reconcile a checking account? bank statement and check register
This is the interest paid on the principal amount. Simple Interest
Joe puts 1000.00 dollars in his account. The account earns 5% interest. He earns 50 dollars in interest the first month. His new balance is 1050 dollars and he earns 5% on his new balance the next month. What is the interest type? Compound Interest
Created by: sboucher