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ch 17
| Question | Answer |
|---|---|
| Federal Rserve System | supervise and regulate member banks and to help banks serve the public efficiently |
| Commercial bank | offer a wide range of financial services |
| credit union | user owned nonprofit cooperative financial institution |
| FDIC | federal deposit insurance corporation regulates banks |
| safe deposit boxes | for storage of valuables |
| service charge | fee a bank charges for hankling a c hecking account |
| debit card | used for ATM transactions |
| endorsement | written evidence that you received payment or you transfered |
| check register | separate book usually same size has a check book |
| stop payment order | written notice that tells the bank not to pay a certain check |