banking and investment terms

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Automated Teller Machine (ATM)

an _____ can be used to withdraw money from your account when you are shopping in the mall

electronic funds transfer

an ________ authorizes your bank to electronically pay certain bills directly from your account each month

interest bearing

an ________ checking account allows you to earn interest and write checks on the same account

commercial banks

banks that are often called full-service banks because of their many services

express

______ checking works very well for people who use online banking, banking by phone, or ATMS to do all their banking

safe deposit check

_______ are small metal containers people rent to protect their valuables from fire and theft

regular

a ______ savings account is a convenient form of savings, but it pays the lowest rate of interest

certified check

a _______ check is a personal check with a banks guarantee that the check will be paid

money order

a _______ is a type of check for a specified amount of money payable to the specified payee which may be purchased at numerous places

NOW account

a _______ is good to have if you want an interest-bearing account and can maintain the minimum balance

credit unions

a ________ differs from a commercial bank and a savings loan association in that its services are for its members only

bank statement

a ________ is a record of the checks, deposits, and charges made to your account for a specific length of time

savings and loans association

a _________ offers many of the same services provided by commercial banks

blank

a check with a ______ endorsement can be cashed by anyone who possesses it

restrictive

for deposit only is a common _____ check endorsement

travelers check

if you're going to be traveling, ________ checks are convenient to use

cashiers check

if you're paying a large sum of money, a ________ check may be a more acceptable form of payment than a personal check

FDIC

in most commercial banks and savings banks, the money you deposit is safe because it is insured by the ________ for up to 250,000

PIN

in order to use an ATM, you must have a _______

NCUA

most credit unions are insured by the____

debit card

you may pay for purchases in a store without cash, check, or credit cards by using a ________

joint

when two or more people share a bank account, its called a _____ account

Certificate of Deposit

with a ______, you deposit mom for a set period of time and earn a set annual rate of interest


Kaugnay na mga set ng pag-aaral

CSUF GEOG332 US Geography Smith - Exam 2

View Set

Ch 10 Laws Governing Access to Foreign Markets

View Set

Intermediate accounting 2 Chapter 15 & 16

View Set

unit 1 2 Introduction to Basic Essay Formatting

View Set

POI: (43) Tumörimmunologi - Essand

View Set

ATI Fundamentals practice Test A

View Set

APUSH-Unit 12 (Chap. 16 1862-1893)

View Set