Quoting vs Citing

When you would use the words "quoting" and when "citing" , where "quote" and where "citation"?

Citation: You refer to particular resource. You read a passage from a journal and express it using your own words.
Quotation: Copy Paste. For example common phrases.

When talking about reporting what someone has said or done, in an academic situation, a citation or citing does not necessarily require a quotation, in which instance a citation is synonymous with a reference.

But there are other differences between a citation and a quotation.

In America, police issue citations for various offences. They do not issue quotations.

A citation is also any form of commendation or award, although I think this is typically American usage.

Contractors will tender quotes or quotations for how much a job will cost. The don't tender citations.

Related to that, stock market prices are called quotations.

For more information see citation and quotation