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15 Cards in this Set
- Front
- Back
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Depository Institutions |
Business that offers and sells financial services. |
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Credit union |
Depository Institutions own by its own members. |
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Commercial Bank |
Depository Institutions that offers services to both consumers and business. |
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Checking Account |
Device that allows deposits and withdrawals using checks, debit cards and ATM's. |
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Checks |
Legal documents that functions like cash. |
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Debit Cards |
Plastic card that connected to your checking account. |
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Pin Number |
Authorization access account |
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ATM |
Unattended access to account using account card and Pin. |
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Signature Card |
Verification of account ownership. |
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Savings Tools |
Accounts storing money for emergencies services offered by a depository institution. |
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Interest |
Money either gained or lost when earning more interest. |
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Savings Account |
Most basic savings tool requiring large deposit and earning more interest. |
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Money Market Account |
Savings tool requiring larger deposit and more interest. |
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Certificate of Deposit |
Savings tool earning higher interest, but requiring a specified time obligation. |
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Interest Rate |
Percentage used annually to determine amount gained or lost on investment. |
