Business Foundations Section 15.2 Vocabulary Review
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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| Financial Institution | Any organization that provides services related to money.
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| Depository Institution | Financial institution that accepts money from customers and deposits it into the customer’s account.
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| Deposit | Money placed into an account.
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| Credit Union | Nonprofit financial institution that is privately owned and provides banking services for its members.
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| Savings and Loan Institution | Financial institution that offers savings and loan services.
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| Nondepository Institution | Financial institution that does not accept deposits.
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| Securities Firm | Financial institution that is involved in trading securities in financial markets.
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| Investment Bank | Financial institution that provides services for businesses.
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| Financial Company | Financial institution that makes money by issuing loans.
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| Checking Account | Bank account that allows the account owner to make deposits, write checks, and withdraw money
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| Check | Written order for the bank to pay a specific amount to the person or organization to which the check is written
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| Savings Account | Bank account used by depositors to accumulate money for future use.
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| Line of Credit | Prearranged amount of credit that is available for a business to use as needed.
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| Letter of Credit | Document guaranteeing that a buyer will pay the seller the agreed-upon amount and within the time specified.
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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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