Final answer:
Transposable elements with terminal inverted repeats are called Insertion Sequences (IS elements) as well as certain types of transposons, both of which typically have genes necessary for movement flanked by these inverted repeats.
Step-by-step explanation:
The type of transposable element that possesses terminal inverted repeats are known as Insertion Sequences (IS elements) and certain transposons in both prokaryotes and eukaryotes. The IS elements range from about 750 to 1425 base pairs and contain genes such as transposase and, in some cases, resolvase that are required for mobility. These genes are flanked by inverted repeats at the ends of the elements. Furthermore, when these elements insert into genomic or plasmid DNA, they are generally accompanied by direct repeats of the host genome DNA, which result from the transposition mechanism.