Personal Finance - Depository Institutions

Front

A plastic card that is connected to your checking account

Back

debit card

Front

What is the purpose of the FDIC?

Back

To insure commercial banks against loss.

Front

With this, you can access your account, transfer money, and pay bills from your phone.

Back

mobile banking

Front

Always sign the back of your debit card and write the PIN on the bank so you don't forget it.

Back

False

Front

Credit unions are "for profit"

Back

False

Front

Consumers must qualify to open an account at: a bank, a credit union

Back

a credit union

Front

Banks are:

Back

for profit

Front

________ typically offer the widest range of financial services.

Back

Banks

Front

__________ are owned by members.

Back

Credit unions

Front

The FDIC/NCUA insures accounts up to ___________________.

Back

$250,000