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Vocab 15 Business

Business Essentials

Money Object that is portable, divisible, durable, and stable, and that serves as a medium of exchange, a store of value, and a measure or worth
World Bank : UN agency that provides a limited scope of financial services, such as funding improvements in underdeveloped countries
FDIC Federal agency that guarantees the safety of deposits up to $100,000 in the financial institutions that it insures
Finance Company : Non-deposit institution that specializes in making loans to businesses and consumers
Commercial Bank Company that accepts deposits that it uses to make loans earn profits pays interest to depositors, and pay dividends to owners
EFT Communication of fund-transfer information over wire, cable, or microwave
Monetary Policy Management of the nation’s economic growth by managing the money supply and interest rates
Money Market Mutual Fund Fund of short-term, low-risk financial securities purchased with the pooled assets of invest-owners
Savings & Loan Association Financial institution accepting deposits and making loans primarily for home mortgages
Credit Union Nonprofit, cooperative financial institution owned and run by its members, usually employees of a particular organization
Mutual Savings Bank Financial institution whose depositors are owners sharing in its profits
Pension Fund non-deposit pool of funds managed to provide retirement income for its members
Securities Investment Dealer Financial institution that buys and sells stocks and bonds both for investors and for its own accounts
Federal Reserve System Central back of the United States, which acts as the government’s bank, serves member commercial banks, and controls the nation’s money supply
Created by: sabrina3933



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