Debit and Credit Quiz

What is a for-profit institution that offers personal loans, mortgages, and other services?

• Credit Union

• Bank

• Financial Institution

• Internet Bank

Which type of institution is a not-for-profit cooperative that offers bank services and is owned by its members?

• Bank

• Internet Bank

• Credit Union

• Financial Institution

What is a business that provides money-related services called?

• Credit Union

• Financial Institution

• Internet Bank

• Mobile Banking

What is the term for a fee received or paid for the use of money?

• Credit

• Interest

• Debit

• Cash

What is a web-only bank known as?

• Mobile Banking

• Online Banking

• Internet Bank

• Credit Union

What is a wireless service that allows financial transactions by using an app or Web browser from a mobile device?

• Internet Bank

• Mobile Banking

• Online Banking

• Credit Card

What is an electronic way to view account activity and pay bills via the Internet and an institution’s website?

• Mobile Banking

• Online Banking

• Internet Bank

• Credit Report

What is money in the form of bills or coins called?

• Check

• Credit

• Cash

• Debit

What is a card authorizing the holder to buy goods and services that can be paid for later?

• Debit Card

• Credit Card

• Cash

• Check

What is a standardized measurement of the potential to repay a debt?

• Credit Report

• Credit Score

• Interest

• Financial Institution