
Banking vocab quiz
Quiz by Andrew Dahl
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You should carefully evaluate a financial institution before becoming a customer
Members of a(n) __________ usually have a common bond, such as employment from the same company. They also have lower interest rates.
A process that accounts for the differences between a bank statement and a checkbook balance is called a(n) __________
You must grant your bank __________ for them to conduct automatic payments on your behalf
The FDIC will insure your bank account up to
Most debit card __________ do not hold YOU responsible for stolen funds from your account
Credit Cards differ from Debit cards because
A rate of interest for a credit card cash withdrawal is lower than if you made a purchase with your credit card.
Simple interest is interest calculated on the initial principal and is not added on the accumulated interest of previous periods of a deposit or loan
A stop payment is a request made to a financial institution to instruct a bank to withhold payment on a check so it will not be processed.
A direct deposit is the same as an automated payment
forging a check is a form of
a teller at a bank is
What you owe in excess of what you have is