Banking and Finance Principles Unit 3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Bearer Instrument | A negotiable instrument payable to whoever holds it
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| Bill of Exchange | A negotiable and written order addressed by one party to another
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| Cash Card | Card commonly used at an ATM
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| Charge Card | Card used when a consumer makes purchases but must pay the account in full at the end of the month
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| Credit Card | Allows consumers to pay all or part of their bills each month and finance the unpaid balance
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| Debit Card | Transfers money from a person’s designated account to the account of the retailer
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| Draft | An order signed by one party that is addressed to another party directing the drawee to pay to someone the amount indicated
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| E-Commerce | The buying and selling of products and services through an electronic medium
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| Elements of Negotiability | Certain legal requirements that a check must meet
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| Electronic Funds Transfer | Moving funds between different accounts in the same or different banks, through the use of wire transfer, automatic teller machines, or computers, but without the use of paper documents
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| Mobile Banking | Conducting banking transactions using a cell phone
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| Negotiable Instrument | A written order or promise to pay a sum of money to a specified party or the person who holds it
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| On-Line Banking | Conducting banking transactions using a computer over the Internet
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| Promissory Note | A written promise to pay at a fixed or determinable future time a sum of money to a specified individual
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| Smart Card | Card with embedded microchips
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
enix
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