Warm Up: Online Banking
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Practice Problem
•
Hard
+9
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is online banking?
Back
Online banking is a system that allows individuals to conduct financial transactions via the internet, including checking account balances, transferring money, and paying bills.
2.
FLASHCARD QUESTION
Front
What is direct deposit?
Back
Direct deposit is a payment method where your employer sends your paycheck directly to your bank account, eliminating the need for paper checks.
3.
FLASHCARD QUESTION
Front
What is online bill pay?
Back
Online bill pay is a service that allows you to pay your bills directly from your bank account to a company or individual using an app or your bank's website.
4.
FLASHCARD QUESTION
Front
What is a one-time payment?
Back
A one-time payment is a single transaction made to pay for a service or product, which does not recur.
5.
FLASHCARD QUESTION
Front
What is a recurring payment?
Back
A recurring payment is an automatic payment that occurs regularly, such as monthly, for services like subscriptions or rent.
6.
FLASHCARD QUESTION
Front
What are the advantages of direct deposit?
Back
Advantages of direct deposit include faster access to funds, increased security, and convenience as it eliminates the need to visit the bank.
7.
FLASHCARD QUESTION
Front
What is the difference between a checking account and a savings account?
Back
A checking account is designed for everyday transactions, while a savings account is intended for saving money and typically earns interest.
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