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Financial Institutes

BTC 12.2

QuestionAnswer
Offers the entire range of banking services. Commercial Banks
Financial institutions that hold customers' funds in interest-bearing accounts and invest mainly in mortgage loans. Savings and Loan Associations
Nonprofit banks set up by organizations for their employees to use. Credit Unions
Provide loans specifically for buying a home or business. Mortgage Companies
Offers short-term loans to businesses and consumers, but at much higher interest rates than banks charge. Finance Companies
Provide protection against problems like fire and theft, and offer loans to businesses and consumers. Insurance Companies
Sell stocks and bonds which offer a wide range of financial services. Brokerage Firms
The central bank of the United States. Federal Reserve System
Funds set aside for emergencies, such as a rush of withdrawals. Reserves
Admittedly; it is true (used to introduce a factor that is opposed to the main line of argument but is not regarded as so strong as to. Granted
Join or be joined securely to something else, typically by means of an adhesive, heat, or pressure. Bonds
An instrument or device used for observing, checking, or keeping a continuous record of a process or quantity. Monitors
Capable of bending easily without breaking. Flexible
Created by: zachary_franz
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