BANKING review for W!SE Financial Literacy Test
Terms in this set (9)
a check written for an amount more than in your account
A check issued by a bank and sold to you for personal payments to people who won't accept a personal check. It certifies that you have the money available.
A nonprofit financial institution that is owned by its members and organized for their benefit.
a for-profit institution that offers a full range of financial services
A form of check payment on which the financial institution prints the exact amount covered. Often used by people who do not have a checking account.
Make your bank records compatible with your bank statements.
safe deposit box
a small, secure storage compartment that you can rent in a bank, usually for $100 a year or less.
a firm that provides you access to the stock markets
U.S. Savings Bond
Obtainable through the U.S. government. Purchased at one-half the face value and will mature to full face value over a specified period of time. FDIC insured, moderate liquidity, moderate rate of return.