3.01 Vocabulary
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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| Automated teller machine (atm) | complete money transactions with only and machine (no other people needed)
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| checking account | quick access to funds for transactions
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| commercial bank | for profit depository businesses that offer financial services to both consumers and other businesses
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| contactless payment | payment transactions that can be done with no connection b/w payment device and point of sale (POS) terminal or store clerk
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| credit union | depository institutions that offer banking services and are owned by their customers
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| interest | the price paid for borrowing money
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| interest rate | `the percent rate used to calculate interest
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| mobile banking | apps that allow banking access from anything with internet access
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| online banking | allows customers to complete transactions from secured websites using a username and password
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| savings account | an account at a depository institution that is designed to hold money not spent on current things
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| savings tool | accounts offered by depository institutions whose main purpose is to help people manage their money
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| debit card | plastic card that is connected to the depository institution account
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| depository institution | businesses that provide financial services
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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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