Show:
Non-Depository v. Depository Financial Institutions
Roles of Bank in the Economy
Miscellaneous
Wild Card
Miscellaneous+Wild Card :)
100
What is a non-depository intermediary?
What is Financial institutions that does not take or hold deposits.
100
What is the United States medium of exchange?
What is money.
100
Who owns commercial banks?
What is Stockholders
100
What is profit?
What is Revenue - Cost
100

What is a Bank

a financial institution that provides financial services such as taking deposits and loaning money

200
How do non-depository generate their revenue?
What is selling specific services or policies
200
What is creditworthy?
What is A good credit rating, sufficient collateral, sufficient income
200

What is a Financial Intermediary

a institution which acts as a go between in financial transactions

200

3 Banking operating expenses

interest paid on deposits

employee wages and salaries

employee benefits/training

cost of building and utilities

security costs

equipment costs

200

Allows customer to conduct financial transactions n a secure website operated by their bak

Online banking

300
What is a depository?
What is A financial intermediary that obtain funds from the public and use funds to finance
300
What is interest?
What is A percentage of revenue earned on the principle over a period of time.
300
What is a liability?
What is A cash obligation
300

What is the document which details how the bank will operate and who will regulate it.  

Charter

300

3 financial transactions which can be conducted at an ATM machine

Deposit money

Check deposits

Withdraw money

*cash advances with pre-approved credit 

400
Name types of non-depository financial intermediaries.
What is Insurance, Loan, and Trust companies
400
How does lending stimulate the economy?
What is Helps businesses start up, helps consumers buy things they couldn't before, manufacture products
400
List two characteristics of a Credit Union
What is users must be members, membership is based on some type of association, not-for-profit
400

How many boys does Mrs. B have ?

4 :)

400

Name two P2P service providers

zello

google pay

Apple Pay

500

Very large, often international banks; customers are businesses, banks and governments. They Play a large role on the world financial stage

Money Center Banks

500
How do banks keep our money safe?
What is Record keeping, identity theft, enforcement, transfer security, sound business practices, examinations by federal or state authorities
500
List the types of depository institutions
What is Commericial Banks, Savings/Loans, Credit Unions
500

What is a security

A legal document which represents ownership of debt.  

IOU

500

What are Reserves

a percentage of a banks funds (deposits an interest earned) held separately to insure the $ will be there when "EVERY" customer wants it.