Unit 4 Test: Banking

Payment method used to obtain cash in a country's currency and is considered safe, because you sign them once you purchase them and a second time when you cash them in.

• ATM
• Pin
• Principal
• Compounding

Allows customers to perform deposits and withdrawals at a computer terminal which is electronically connected to their bank account.

• Compounding
• Pin
• Annual Percentage Yield
• ATM

Process of earning money on the original deposit and any previously earned interest.

• Simple interest
• Compounding interest

A protected number given to a debit card holder to allow him/ her access to the account.

• Pin
• ATM
• Travelers check
• Principal

The amount of the original investment, before interest is calculated.

• Travelers Check
• Principal
• ATM
• Pin

When you sign the back of the check with "For Deposit Only" and  your signature.

• Restrictive Endorsement
• Bank Endorsement
• Stop Payment Order
• Certified Check

Payment method where you pay the amount of the check or money order plus a fee up front. Accepted by businesses, because you prepaid the amount shown, so they are guaranteed the money

• Restrictive Endorsement
• Blank Endorsement
• Stop Payment Order
• Cashiers Check

When you just sign the back of the check with your signature.

• Blank Endorsement
• Direct Deposit
• Restrictive Endorsement
• Cashiers Check

A request that the bank not cash a particular check because it was lost, stolen or never received.

• Blank Endorsement
• ATM
• Pin
• Stop Payment Order

Type of depository institution that specializes in loans and mortgages.

• Direct Deposit
• Savings and Loans Association
• Point of Sale Transaction
• Certified Check