7th Grade Depository Institution 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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Depository Institution | Business that offers and sells financial services
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Credit Union | Depository Institution owned by its members
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Commercial Bank | Depository Institution that offers services to both consumers and businesses.
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Checking Account | Device that allows deposits and withdrawals using checks, debit cards, and ATMs.
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Checks | Legal documents that function like cash.
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Debit card | Plastic card connected to your checking account.
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Personal Identification Number (PIN) | Authorization to access accounts.
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Automated Teller Machine (ATM) | Unattended access to account using account card and PIN
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Savings tools | Accounts storing money for emergencies or major purchases.
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Interest | Money either gained or lost when accessing services offered by a depository institution.
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Savings account | Most basic savings tool with the lowest interest.
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Money Market Account | Savings tool requiring larger deposit and earning more interest.
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Certificate of deposit | Savings tool earning higher interest, but requiring a specified time obligation.
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Interest rate | Percentage used annually to determine amount gained or lost on investment.
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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:
mnunn
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