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Chapter 17

QuestionAnswer
Federal Reserve System (Fed) bank for banks
commercial bank full service banks, offer wide range of finacial services
credit union user-owned, not for profit co-op
Federal Deposit Insurance Corporation (FDIC) protects depositers money in case of bank failure
safe-deposit boxes stores valubles in the banks main safe
service charge feee bank chrages for handling a checking account
depit card cash card, takes money directly out of your checking account
endorsement written evidence that you received payment or you transferred your right of receiving payment to somenone else
check register balances your checkbook
bank statement report that shows the status of your account
stop payment order written notice that tells the bank not to pay acertain check.
outstanding checks checks that are written, but not yetr cashed.
Created by: johnfreund1
Popular Business sets

 

 



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