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Questions and Answers
Which term refers to a machine that allows customers to complete transactions without human assistance?
Which term refers to a machine that allows customers to complete transactions without human assistance?
- Commercial bank
- Checking account
- Automated teller machine (ATM) (correct)
- Debit card
What is a for-profit depository business that offers financial services to consumers and other businesses?
What is a for-profit depository business that offers financial services to consumers and other businesses?
- Credit Union
- Savings account
- Commercial bank (correct)
- Mobile banking
Which type of payment transaction can be completed with no physical connection between the payment device and the point of sale terminal?
Which type of payment transaction can be completed with no physical connection between the payment device and the point of sale terminal?
- Interest rate
- Online banking
- Contactless payment (correct)
- Savings tools
What is a plastic card that is electronically connected to the cardholder's depository institution account?
What is a plastic card that is electronically connected to the cardholder's depository institution account?
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Which term refers to institutions that offer many banking services and are owned by their customers?
Which term refers to institutions that offer many banking services and are owned by their customers?
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