How can we help?

You can also find more resources in our Help Center.

13 terms

chapter 25

STUDY
PLAY
comercial bank
full service bank
federal deposit insurance corporation
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
FDIC
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
savings and loan association
a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
mutual savings bank
a state-chartered savings bank owned by its depositors and managed by a board of trustees
credit union
a cooperative depository financial institution whose members can obtain loans from their combined savings
consumer finance company
a finance company that makes loans to people who have trouble getting a bank loan
interest
a diversion that occupies one's time and thoughts (usually pleasantly)
electronic funds transfer
a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents
safe deposite box
small storage compartmentthat you can rent in a bank
investments
In finance, the purchase of a financial product or other item of value with an expectation of favorable future returns. In general terms, investment means the use money in the hope of making more money.
trust companies
businesses that manage people's money and property for them.
federal reserve system
the central bank of the United States