PF 2.01 Word Scramble
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Question | Answer |
Automated teller machine (ATM) | A machine that allows individuals to complete certain transactions from the machine without human assistance. |
Checking bank | An account that allows quick access to funds for transactions |
Commercial Bank | For-profit depository businesses that offer financial services to both consumers and other businesses. |
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. |
Credit Union | Depository institutions that offer many banking services and are owned by their customers. |
Debit Card | A plastic card that is electronically connected to the cardholder's depository institution account. |
Depository Institution | Businesses that provide financial services |
Interest | The price paid for using someone else's money |
Interest Rate | The percentage rate used to calculate interest |
Mobile Banking | Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices |
Online banking | Allows customers top complete certain transactions from a secured internet site by using a username and password from any place in the world with internet access. |
Savings Account | An account at a depository institution that is designed to hold money not spent on current consumption |
Savings Tools | Accounts offered by depository institutions whose main purpose is to help people manage their money. |
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abigail.xiong59
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