Banks
It's a bank.
What is a financial institution that offers checking, savings, loans, and other services to customers?
It's a credit union.
What is a type of financial institution that is non-profit and offers banking services?
The bank is divided into these pieces.
What are shares?
It is a savings account.
One type of account is opened to save or store money?
You use this account after you have gotten your first job and want to save for a car.
What is a savings account?
It's a for profit organization.
What is a bank that is in service to produce money?
It is a non-profit, or not-for-profit organization.
What organization exists to offer a service and not necessarily to profit?
It's a shareholder.
Who is someone who buys a share in a bank or organization?
It is interest on checking deposits.
What money is earned for maintaining a certain balance on interest bearing checking accounts?
Overdrafts are expensive and a waste of money.
Why do you need to keep good records of what you spend and what you deposit into your checking account?
A federally chartered organization
What does a bank have to be to legally operate?
It is federally chartered.
What is the approval that a credit union has to have to operate as a legal business?
It's a Mortgage Company.
What is a of financial institution that provides mortgages?
Some of them are Debit and credit cards
What are some services offered by a bank or credit union?
How might you pay for an item and not use cash or check or go into debt.
What is a debit card?
They are someone who partly owns the bank.
What is a stockholder or shareholder?
A credit union owner.
Who are its members?
It's a brokerage Firm
What is a type of financial institution that helps investors find investment opportunities?
Some money loaned to buy a home
What is a service offered by a bank, credit union or mortgage company for someone wanting home ownership.
They buy and sell stock for investors (wealth management, broker firm, brokerage in name)
What is a Stockbrokers or brokerage firm ?
They make the big decisions for the bank.
What does a stockholder or shareholder do?
They make the big decisions for credit unions.
Who are the Board of Directors?
An insurance company.
What is a type of financial institution that guarantess money for loss, death, or injury?
It's a safety deposit box.
What is a service offered by a bank or credit union used to store valuables?
It guarantees compensations for loss, damages, injury or death.
What is an insurance company?