DI 1
How do you use contactless payment?
Wave your card or phone in front of the censor.
what are the two most common accounts for saving?
Checking & Savings
what account is not intended for daily expenses
savings account
what is interest?
the cost of spending someone elses money
What's a depository institution?
Business that offers financial services.
what do you do with a credit card?
borrow money
what services does the depository institutions offer
what is credit, financial advice, safe-deposit, box, transaction and special needs treatment instruments
What does ATM stand for?
Automated Teller Machine
Whose money are you borrowing with a credit card?
The bank's
What are two differences between a bank & credit union?
Profit vs Non-Profit
Anyone can join vs membership
Bigger/Smaller
More/Less Services
Better fees