Argyllz2 Word Scramble
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Question | Answer |
Standard of payment | Money |
coins, currency, checks, and debit cards | Monetary System |
firm that manages money | Financial Institution |
record of money in a bank | Bank Account |
money put into a bank account | Deposit |
money taken out of bank account | Withdrawal |
rate banks pay for keeping your money | Interest |
EFT | Electronic Funds Transfer |
electronic transfer of payment directly to bank | Direct Deposit |
security against a loan | Collateral |
agreement to take property if the loan is not paid back | Mortgage |
secure box in a bank's vault | Safe-Deposit Box |
offer entire range of banking services | Commercial Banks |
financial institutions that hold customers' funds in interest-bearing accounts | Savings and Loan Associations |
non-profit banks set up by organizations for employees to use | Credit Unions |
provide loans for buying a home/business | Mortgage Companies |
offer short term loans with high interest rates | Finance Companies |
provide protection against fire/theft | Insurance Companies |
sells stocks and bonds | Brokerage Firms |
"The Fed" | Federal Reserve System |
funds set aside for emergencies | Reserves |
laugh out loud | LOL |
funds transferred from one bank to another when someone writes or deposits a check | Clearing Checks |
another name for Commercial Banks | Full Service Banks |
loan granted to someone to pay for personal items | Individual Loan |
the way that banks generate profit | Lending Money |
Created by:
Psycho C
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