banks and other financial institutions
financial services and electronic banking
true or false
100
the federal government set up this to supervise and regulate member banks to help banks serve the public efficiently.
What is the federal reserve system
100
the use of computers and other technology for banking activities.
What is electronic funds transfer
100
False
What is using a debit card is similar to writing a check true or false
200
banks that join the system
What is member banks
300
refers to the paying of checks among different banks in different cities.
What is clearing
300
storages of valuables.
What is safe deposit boxes
400
excepts deposits from people in businesses and use them to finance their business.
What is deposit intuitions
400
a checking account at a credit union.
What is share draft
500
often called full service bank.
What is commercial banks
500
a fee a bank charges for handling a checking account.
What is service charge
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