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Chapter 17 Vocab
Terms in this set (13)
a system set up by the federal government to supervise and regulate member banks and to help banks serve the public efficiently.
Federal Reserve System (Fed)
a bank that offers a full range of financial services.
a user-owned, not-for-profit, cooperative financial institution.
the federal agency that helps to regulate banks and other financial institutions.
Federal Deposit Insurance Corporation (FDIC)
a container for storage of valuables offered by banks
safe deposit box
the fee a bank charges for handling a checking account.
a bank-issued card used for ATM transactions.
debit card (cash card)
written evidence that a person received payment or transferred the right to receive payment to someone else.
a separate book form on which the depositor keeps a record of checking account activities
a written notice that tells the bank not to pay a certain check.
stop payment order
a report on the status of a bank account.
the document created to show how your own record of your checking account and the bank's record of your account were brought into agreement.
checks that have not been deducted from the bank statement balance.
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