service offered by most banks and credit unions that requires a Personal Identification Number (PIN) to check account balances, make cash withdrawals and deposits, and move money from one account to another.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	electronic funds tranfer
B	electronic financial transitioning
C	automated teller machine

Explanation:

Detailed explanation-1: -Primary Share Accounts IAACU savings accounts are called “share” account; every $5 you deposit represents a share of your ownership in the credit union. IAACU share accounts pay quarterly dividends on the average daily balance.

Detailed explanation-2: -National banks are required to be members of the Federal Reserve System and belong to the Federal Deposit Insurance Corporation.

There is 1 question to complete.