Match the terms to the descriptions:
1. Looks just like a credit card, but the amount charged is
taken directly out of your bank account
2. Allows you to borrow a limited amount of money at the
point of sale at a very high interest rate
A
Checking Accounts
(DDAS) A
Savings Accounts/
Time Deposits
3. Allows you to keep your money in the bank, earning a higher
interest rate, but limits the amount of withdrawals you can make
B
с
Debit Cards
4. Any system that uses computer technology instead of
paper transactions to deposit or spend money
D
Credit Cards
5. You can freely use all of the money in your account and payment is
made when the bank is presented with your payment document
E
Smart Cards
6. A card with a built-in microprocessor containing much more
data and security features
F
Electronic Funds
Transfer