Intro. to Depository Institutions Vocab.
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) | machine; no human assistance; completes transactions
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| checking account | account allowing quick access to funds
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| commercial bank | offer financial services to consumers & businesses
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| contactless payment | payment transaction; no physical connection between payment device and point of sale (POS) terminal or store clerck
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| credit union | depository institution; offer banking; business is owned by customers
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| debit card | plastic card; electronically connected to cardholder's depository account
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| depository institution | businesses that provide financial services
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| interest | price paid for using someone else's $
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| interest rate | % rate to calculate interest
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| mobile banking | apps allowing online banking access from devices
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| online banking | transactions completed through a a secure Internet site using username & passwords
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| savings account | account @ depository institution; holds $; doesn't spend it
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| savings tool | account @ depository institution; helps people manage their $
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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.
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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:
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