Banking & Finance - Financial Institution
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each of the black spaces below before clicking
on it to display the answer.
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Businesses that offer financial services (Banks, Credit Unions, Savings Associations) | show 🗑
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Money Placed in an account | show 🗑
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Customers who make Deposits | show 🗑
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show | Commercial banks
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One that allows the owner to use it to pay a third party | show 🗑
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Deposit Accounts that provide a safe place to store your money, no check writing, receive interest from bank | show 🗑
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Pays more interest, requires larger initial deposits, a minimum balance, and limited transactions | show 🗑
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Originally organized to help people save money, (small deposits were once not accepted, they accepted them), Sometimes called Thrift Institutions, operate for a profit, owned by stockholders | show 🗑
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Provide many of the same services, owned by members, non-profit, close to 8,000 in the US | show 🗑
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A business or organization that is owned by its members | show 🗑
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Savings account at a credit union | show 🗑
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show | Share Draft Account
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show | Credit Union Limitations
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Covers the deposits of customers if an institution fails | show 🗑
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show | Deposit Insurance Fund (DIF)
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show | More of FDIC
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Deposits are insured up to 4250,00 per ownership category per depository institution | show 🗑
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Account Ownership Categories | show 🗑
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Established in 1970 to insured credit union deposits, administered by the National Credit Uninion Administration (NCUA) | show 🗑
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show | Non-Depository Institutions
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Provide Services for Buinsesses | show 🗑
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show | Securities
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Debt issued by a governement or company | show 🗑
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show | Stock
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show | Dividend
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Financial Institutions involved in the trading of securities in financial markets (Also called brokerage firms, stockbrokers, or bond brokers) | show 🗑
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show | Full Service Brokerage Firms
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show | Discount Brokers
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Make profits by issuing loans to both individuals and businesses | show 🗑
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Provide personal loans to individuals, loan money to individuals with poor credit | show 🗑
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show | Pay-day Lenders
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Provide loans for businesses, such as retail stores, arrangements are made to provide loans on site to customers | show 🗑
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Formed by manufacturer to provide loans so the manufacturer can easily sell its goods | show 🗑
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show | Insurance Companies
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show | Two ways insurance companies generate revenue
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show | Premiums
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Insurance Contract | show 🗑
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show | Insured
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Created by:
mryan396
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