Business that receives, safeguards, and lends money.
What is a bank?
100
A person who puts money in an account.
What is depositor?
100
percentages paid on a loan or deposit
What is interest rate?
100
What does ATM stand for?
What is Automated Teller Machine?
200
Place to keep money to handle an emergency.
What is standard savings account?
200
A service in which banks will move money from a savings account to a checking account when you don't have enough money in the account to cover the check.
What is overdraft protection?
200
Amount of money in the account on the last day of the statement period.
What is ending balance?
200
Define check register?
What is a small booklet used to keep track of each check written and your bank balance?
200
Define certificate of deposit.
What is a savings tool in which you loan money to the bank for a fixed term.
300
Define pawnshop?
What is a company that loans cash at interest and keeps personal items as security until the loan is paid off.
300
Informal term for a provider of high-interest loans to people who can't get conventional loans.
What is loan shark?
300
Small plastic card that can be used at an ATM to allow you to withdraw money form your checking account.
What is a debit card?
300
Define payee?
What is a person or company being paid?
300
Providing loans and charging for financial services are....
What is the two main ways that banks make money?
400
Define check-cashing center.
What is an office that provides high interest loans guaranteed by the amount of your next paycheck?
400
It functions as a regular agency and as a bank. It has one main bank in Washington D.C.
What is the Federal Reserve?
400
The rates are high and your property is at risk are two reasons....
What is working with a debt consolidator can create problems.
400
Define debt consolidator?
What is lender who makes loans to customers to pay off multiple creditors?
400
Accepting the transfer of someone else's money to you.
What is endorse?
500
Allows you to arrange for automatic transactions to be carried out by the bank so you can pay bills without writing a check each time.
What is electronic banking?
500
Define money market account.
What is a specialized savings account that has limited check writing options and offers a higher interest rate than a regular savings account.
500
Money market accounts, certificate of deposits, and standard savings accounts are...
What is the three savings vehicles?
500
Manages the federal government's money and controls the flow of money in this country.
What is the Federal Reserve?
500
Other people can access your account if they learn your ....