Depository Institution
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 | A machine that allows individuals to complete certain transactions from the machine without human assistance.
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| Checking Account | An account that allows 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 completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk.
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| Credit Union | Depository Institutions that offer many banking services and are owned by their customers.
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| Debit Card | A plastic card that is electronically connected to the cardholder's depository institution account.
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| Depository Institution | Businesses that provide financial services.
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| Interest | The price paid for using someone else's money.
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| Interest rate | The percentage rate used to calculate interest.
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| Mobile Banking | Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices.
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| Online Banking | Allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access.
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| Savings Account | An account at a depository institution that is designed to hold money not spent on current consumption.
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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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Created by:
hardysh1
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