Accounts
This account allows you to collect interest over time.
This type of product helps you save for retirement.
Name a type of banking institution.
Commercial Bank.
Credit Union.
To put money into an account
Deposit.
This card is used on a daily basis for actions concerning the chequing account.
Debit card
This account allows you to carry out daily transactions and is made to be a high traffic account.
A chequing account
This product is provided in order to allow clients to purchase a home.
A mortgage
What is a credit union?
A bank that is owned by the participants.
Withdraw
This card is used for large purchases.
Credit card
This account can hold foreign cash ie USD
A US account
This product can be used to transfer large amounts of money securely but is printed on paper.
A certified cheque
What are Canada's Big 5?
RBC, BMO, CIBC, BNS, TD
To move money between accounts.
Transfer
When you sign the back of the cheque you ______ it.
This type of account is registered in two people's names.
A joint account
This product provides you with credit.
A line of credit
A credit card
The number one bank in Canada.
RBC
To change money from one currency to another.
Exchange
Before travelling to a foreign country you may purchase.
Traveller's cheques
Foreign currency
This account is used to shelter funds from taxes.
A tax free savings account (TFSA)
What does GIC mean?
Guaranteed Investment Certificate
Name the product banks sell that allow clients to purchase homes.
To withdraw a large amount of money in a cheque form.
To get a certified cheque
What are some ways you can give change for a 20?
4 5s
10 2s
2 10s
any combination thereof.