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Depository Institutions

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16 questions
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  • Q1
    for-profit depository institution
    credit union
    commercial union
    credit bank
    commercial bank
    20s
  • Q2
    an account that contains money that isn’t usually accessed often; used for a rainy day
    investment account
    savings account
    checking account
    30s
  • Q3
    If an account does not maintain a minimum account balance, customers are charged this
    transaction fee
    overdraft fee
    checking fee
    minimum balance fee
    20s
  • Q4
    a card that allows a customer to electronically access his/her checking and savings accounts
    savings card
    credit card
    debit card
    payroll card
    30s
  • Q5
    credit unions and commercial banks
    depository institutions
    lending institutions
    banking institutions
    30s
  • Q6
    a government agency that insures depository institutions/banks up to $250,000
    NCUA
    FCDI
    FDIC
    FCID
    20s
  • Q7
    A fee charged if you withdraw more money from your account than is available
    overfund fee
    overdraft fee
    drawing fee
    checking fee
    20s
  • Q8
    a depository institutions that offers banking services and is owned by its customers
    commercial union
    credit bank
    credit union
    commercial bank
    20s
  • Q9
    a banking kiosk; a machine that allows banking transactions without human assistance
    ATM
    AMT
    kiosk
    contactless payment
    20s
  • Q10
    provides insurance protection for credit unions
    FDIC
    NCUA
    NCAU
    NACU
    20s
  • Q11
    an account that allows customers to access their money quickly
    money market account
    savings account
    checking account
    retirement account
    20s
  • Q12
    price paid for using someone else’s money
    credit
    interest
    money market
    money
    20s
  • Q13
    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
    contactless payment
    debit card
    credit card
    ATM
    20s
  • Q14
    a secured container at a financial institution that often contains important documents
    safe box
    fire box
    deposit box
    safe deposit box
    20s
  • Q15
    allows customers to access their accounts through their cell phone
    online banking
    mobile banking
    phone banking
    cell banking
    20s

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