loans
A sum of money borrowed from a bank or credit union (Photo 4)
What is a loan
The goal isn't to make as much money as possible
What is not for profit
their goal is to make as much money as possible
what is for profit
to ensure that no one can add things on after you have filled out a check
how much it cost to open an account at a bank or credit union (photo 15)
what is nothing
An additional price on a loan that does not change (photo three)
What is fixed interest
not having one person for a specific task (photo six)
What is decentralized power
having one person for one specific thing (photo 10)
what is centralized power
the identification number of the bank at the bottom of the check (Photo 13)
What is the routing number
the action of signing the back of the check to allowing the bank to move the money (photo 14)
what is endorsing a check
A loan that requires collateral (photo 1)
What is a secured loan?
the people who hold accounts at a credit union (photo seven)
Who are the members
the origional branch/heart of the bank
what are the headquaters
crossing out and signing your initals
what is the way to fix a mistake on a check
When the writer of a check does not have the money for a check they wrote
what is bouncing a check
The only place you can get a loan (photo 5)
What is a trick question (you can get loans at multiple places)
the main appeal of credit union loans
what is lower intrest rates
banks are larger making it easier to take this out (photo 8)
what is a large buissnes loan.
what is writing a blank check
looking around at different places and showing them eachothers offers (photo 16)
what is price matching
the original sum of money borrowed (picture two)
What is principal
the reason there aren't fees at credit union atms (photo 7)
what is connected atm network between unions.
the head people of a bank making the most money (photo 9)
who are the owners
a place to write something for your own record keep it (Photo 11)
What a memo line?
an organisation that insures deposits and accounts of a bank incase it fails
who is the FDIC