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Banking and Money Management

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Term
Definition
Commercial Bank   provide services such as checking and savings accounts, credit cards, and loans.  
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Central Bank   government banks that manage and regulate the money supply and other banks.  
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Depositors   individuals and businesses who place funds in a bank.  
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FDIC   Federal Deposit Insurance Corporation - A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System.  
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Intermediaries   go between - middle man  
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Depository Institution   Institution that obtain funds from the public and use them to finance the loans and investments that provide the majority of their income.  
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Non-Depository Institution   Institutions that do not receive deposits but provide other financial services for a fee.  
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Credit Union   a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.  
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Investment Bank   a bank the purchases large holdings of newly issued shares and resells them to investors.  
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Commercial Bank   a bank that offers services to the general public and to companies.  
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Investment   the action or process of investing money for profit or material result.  
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Loan   a sum of money that is expected to be paid back with interest.  
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Federal Reserve   the "Central Bank" of the United States provides the nation with a safe, flexible, and stable monetary and financial system.  
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Created by: jtennantgoc
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