Vocab
Types of Checking Accounts
Text comprehension
Types of Financial Services
Bonus
100
Something banks offer for storage if Valuables. "Jewelry, Rare coins, investment Certificates"
What is Safe- Deposit boxes
100
Another name for a Share Draft
What is a Regular Checking Account
100
Many banks manage investments on behalf of customers. When they do this, the money or other property that is turned over for the bank to manage is said to be held in
What is trust
100
-Safe storage of funds for future use is a common need - financial institutions offer is accepting money from customers for safekeeping
What is Savings Services
100
an owner of shares in a company
What is a Share holder
200
banking fee for handling a checking account
What is a Service Charge
200
These accounts require a higher monthly balance than regular accounts.
What is Interest- Earning checking accounts
200
If you write only a few checks each month, consider a
What is special checking account
200
-the ability to transfer money to others is necessary for daily business activities ex: checking accounts, debit cards, online payments and automatic withdrawals
What is Payment Services
200
-Many financial institutions help customers by offering financial advice -Banks can assist customers with decisions about buying a home, offer tips on money management, and help customers exchange U.S. funds for foreign currency.
What is Investment Advice
300
Something used for ATM transactions and easy payments
What is Debit card
300
You only write a few checks a month this is your best option
What is Special Checking Account
300
What is a newer way to pay bills.
What is online payment
300
-Most people, businesses, and governments borrow money at some time
What is Lending Services
300
-a point of sale "POS" technology that uses (Blank) authentication to identify the user and authorize the deduction of funds from a bank account
What is Biometric Banking
400
The real name for "Electronic Wallet"
What is a Smart card
400
Checking minimum balance, interest rates, monthly service are all types of what strategy
What is Comparing Checking accounts
400
a person employed to deal with customers' transactions in a bank
What is a teller
400
-refers to the use of computers and other technology for banking activities
What is Electronic Banking Services
400
-a form of financial services for entrepreneurs and small businesses lacking access to banking and related services
What is micro financing
500
a kind of credit card that entitles the holder to receive cash
What is a Cash card
500
Name one activity that uses an ATM
What is Checking account balances, withdraw cash, make deposits, Transfer funds
500
professional who renders financial services to clients
What is a Financial Manager
500
-Banks offer safe-deposit boxes - you can put in rare coins, investment certificates, birth records, a list of insurance policies, and other valuable documents
What is Storage of Valuables
500
EFT's full name
What is Electronic funds transfer
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