accounts
What are Savings accounts for?
A type of bank account designed for saving money, typically offering interest on deposits while allowing limited withdrawals.
What is a Bank?
a financial institution licensed to receive deposits and make loans.
What are three types of credit cards mentioned in the slides?
Rewards Credit Cards, Cash Back Credit Cards, Travel Credit Cards
What are Checking accounts for?
An account designed for everyday transactions, offering features like check-writing, debit card usage, and electronic transfers.
Name there types of banks mentioned in the slides?
retail, commercial , and investment banks
What is reward credit card?
These cards offer points, miles, or cash back for every purchase, allowing cardholders to earn rewards that can be redeemed for travel, merchandise, or statement credits.
What is Certificate of Deposit (CD)?
A time deposit with a
fixed term and often higher interest rates than
regular savings accounts, where the money
is kept for a specific period,
and early withdrawal may result in penalties.
How are banks regulated in most countries?
In most countries, banks are regulated by the national government or central bank
What is Cash Back Credit Cards?
With these cards, a percentage of the amount spent on purchases is returned to the cardholder in the form of cash back, providing a straightforward way to save on everyday expenses.
what is the most common type of bank account?
basic checking account
How much does JPMorgan's assets(in Billions of us $)?
$3,868
What is Travel Credit Cards?
Tailored for frequent travelers, these cards often provide travel-related perks such as airline miles, hotel discounts, or travel insurance, making them suitable for those who want to maximize their travel benefits.
How do I set up a bank account online?
what is Bank of America assets(Billions of us $)?
$3,123
What is the most popular credit card?
Visa