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14 Cards in this Set
- Front
- Back
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Depository institution |
Buiness 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 abd ATM'S |
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checks |
legal documents that function like cash |
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debit card |
plastic cards connected to your checking account |
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personal identification number |
authotization to access accounts |
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automated teller machine |
unattened access to account using account card and pin |
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signature card |
verification of account ownership |
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saving tools |
accounts storing money for emergincies or major purchases |
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interest |
money either gained or lost when accessing services offered by a depository insitution |
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savings account |
mosy basic savings tool with the lowest intresest |
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money market account |
savings toll requiring larger deposit and earned more intresest |
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certification of deposit |
savings tool earning higher intresest ,but requiring a specified time obligation |
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intrest rate |
percentage used annually to determine amount gained or losy on investment |
