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Financial Institutions/ Shopping for Financial Institutions
Bank Accounts
Writing Cheques
Shared ABM Networks
Other Financial Services
100
Money borrowed from a bank.
What is a loan?
100
A place to hold money and keep it safe.
What is a bank account?
100
What can a preson use to exchange profit besides legal tender.
What is a cheque.
100
Banks that are accesed online. (the answer is easier than you think)
What is online banking.
100
A convinieny card used where you can pay later.
What is a credit card?
200
When you gain money from the money you have saved in the bank.
What is interest?
200
A machine to quickly withdraw money.
What is a ABM?
200
The person who writes out the cheque and gives it to somewone else.
What is a payee?
200
Writing a cheque for more money than you have in your account.
What is an overdraft.
300
When banks establish themselves in foreign countries.
What is branch banking?
300
An account in the name of two people.
What is a joint account?
300
A delay before you can turn the cheque into cash.
What is a hold?
400
All the money in circulation of a bank.
What is the money supply?
400
A code for your bank card.
What is a PIN?
400
What somewone does when they dont want their cheque cashed.
What is a stop payment?
500
An act passed in 1871 where all banks had to act under similar rules.
What is the bank act.
500
An account for savings and expenses.
What is a combination account?
500
Putting a date on a cheque that ls later than the actual date when the cheque was written.
What is postdateing?
500
Being able to bank anywhere, even in your house. (not the internet)
What is telephone banking?
500
Semething that lets you deposit or drop off important documents at any time.
What is a night depository chut?