Study sets matching "banking financial system"

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Study sets matching "banking financial system"

136 terms
Banking and Financial Systems
medium of exchange
financial intermediary
Commercial banks
Retail Banks
an agreed-upon system for measuring the value of goods and se…
a bank is this for the safeguarding, transferring, exchanging…
are the institutions commonly thought of as banks
this and other thrift institutions such as mutual savings ban…
medium of exchange
an agreed-upon system for measuring the value of goods and se…
financial intermediary
a bank is this for the safeguarding, transferring, exchanging…
Money, Banking, and the Financial System
Security
Subprime Lending
Leverage
Lender of Last Resort
Tradable financial asset
Making loans to people who may have difficulty paying
Use of borrowed funds to magnify returns and losses
An institution, usually a country's central bank, that offers…
Security
Tradable financial asset
Subprime Lending
Making loans to people who may have difficulty paying
38 terms
Banking & Financial System
national association
mutual savings bank
commercial bank
Federal Reserve System
"N.A." after a bank's name denotes it as a
a bank owned by depositors that mainly handles savings accoun…
bank that offers a full range of financial services
a nationwide banking plan set up by our federal government to…
national association
"N.A." after a bank's name denotes it as a
mutual savings bank
a bank owned by depositors that mainly handles savings accoun…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
Banking and Financial Systems
Front Side
Asset
Spread
Depository Intermediary
Back Side
Is anything of value.
The difference between what a bank pays in interest and what…
A financial institution that obtains funds from the public a…
Front Side
Back Side
Asset
Is anything of value.
10 terms
Financial Intermediaries and Banking Systems
Financial Intermediary
Financial Intermediation
Benefits of Financial Intermediaries
Fractional Reserve Systems
specialized financial firms that facilitate the indirect tran…
process by which financial intermediaries transform funds pro…
reduced costs: mechanism to connect to savers instead of find…
amount of reserves legally required to be maintained by a fin…
Financial Intermediary
specialized financial firms that facilitate the indirect tran…
Financial Intermediation
process by which financial intermediaries transform funds pro…
9 terms
Banking And Financial Systems Acts
Truth In Lending Act
Fair Credit Reporting Act
Fair Credit Billing Act
Equal Credit Opportunity Act
designed to promote the informed use of consumer credit, by r…
US fed legislation that promotes accuracy, fairness, and priv…
Consumers with a dispute must notify the creditor in writing…
Creditor Not allowed to discriminate against any applicant on…
Truth In Lending Act
designed to promote the informed use of consumer credit, by r…
Fair Credit Reporting Act
US fed legislation that promotes accuracy, fairness, and priv…
Banking and Financial Systems
Which one of the following agencies do…
When approving loans for new customers…
What is the most common place identify…
Which one of the following is typicall…
A
C
C
A
Which one of the following agencies do…
A
When approving loans for new customers…
C
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
Banking and Financial Systems Chapter 9
ABA routing number
Automated Clearing House (ACH)
Automated Teller Machine (ATM)
Automatic Payment
a nine-digit number assigned by the American Bankers Associat…
Electronic network for financial transactions that processes…
A computerized machine that provides a means of self-service…
Preauthorized electronic funds sent from a customer's account…
ABA routing number
a nine-digit number assigned by the American Bankers Associat…
Automated Clearing House (ACH)
Electronic network for financial transactions that processes…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
Banking and Financial Systems
Accounts Payable
Accounts Recievable
Accrual Basis
Amortization
a debtor's accounts of money he owes
a creditor's accounts of money owed to him
a method of accounting in which each item is entered as it is…
reducing the value of an asset over a period of years
Accounts Payable
a debtor's accounts of money he owes
Accounts Recievable
a creditor's accounts of money owed to him
25 terms
Banking & Financial System Test #7
A check must be written on paper in or…
It is illegal for a bank to make diffe…
The Federal Reserve clears about 90 pe…
The fastest-growing segment of banking…
...
...
...
...
A check must be written on paper in or…
...
It is illegal for a bank to make diffe…
...
25 terms
Banking & Financial System Test #8
A larger down payment on a home lowers…
The first step in the mortgage approva…
3. The Gramm-Leach-Bliley Act requires…
Any escrow surplus of more than $50 mu…
...
...
...
...
A larger down payment on a home lowers…
...
The first step in the mortgage approva…
...
25 terms
Banking & Financial System Test #5
A bank is a not-for-profit organization.
All federally chartered banks must be…
Commercial banks offer their services…
Record keeping is an important part of…
...
...
...
...
A bank is a not-for-profit organization.
...
All federally chartered banks must be…
...
25 terms
Banking & Financial System Test #1
Commercial banks offer their services…
A credit union is a not-for-profit org…
In the absence of a national banking s…
The National Banking Act of 1864 found…
False
True
True
False
Commercial banks offer their services…
False
A credit union is a not-for-profit org…
True
25 terms
Banking & Financial System Test #4
Commercial lending can apply to indivi…
Lenders for residential mortgages tend…
Foreign bank branches operating in the…
The Small Business Administration is b…
True
False
False
False
Commercial lending can apply to indivi…
True
Lenders for residential mortgages tend…
False
324 terms
Banking and Financial Systems
What is a financial institution?
What type of bank would a business own…
How are money center banks chartered?
What type of bank typically has only o…
A financial institution is any organization that provides ser…
A business owner would likely use a commercial bank to deposi…
Money center banks are chartered as national banks by the Fed…
Unit banks typically have only one or two locations.
What is a financial institution?
A financial institution is any organization that provides ser…
What type of bank would a business own…
A business owner would likely use a commercial bank to deposi…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
19 terms
Money, Banking, and Financial Systems
double coincidence of wants
the current tax rate is above the opti…
money
medium of exchange, unit of account, a…
what is a necessary condition for a barter exchange to occur
according to the Laffer Curve, a cut in the tax rate can incr…
what is any good that is widely accepted for the purposes of…
what three functions does money serve
double coincidence of wants
what is a necessary condition for a barter exchange to occur
the current tax rate is above the opti…
according to the Laffer Curve, a cut in the tax rate can incr…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
248 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
136 terms
FBLA Banking and Financial Systems
medium of exchange
financial intermediary
Commercial banks
Retail Banks
an agreed-upon system for measuring the value of goods and se…
a bank is this for the safeguarding, transferring, exchanging…
are the institutions commonly thought of as banks
this and other thrift institutions such as mutual savings ban…
medium of exchange
an agreed-upon system for measuring the value of goods and se…
financial intermediary
a bank is this for the safeguarding, transferring, exchanging…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
8 terms
Economics: The Banking System- Financial Services
Glass-Stegall Act 1933
Interstate Banking
FDIC-1933
Too Big to Fail
•Restricted commercial national banks from engaging in most i…
•McFadden Act (1927, 1933) prohibited interstate banking... •Rie…
•Government insures deposits... •Government regulates banks
•FDIC Act of 1950 gives government the power to provide finan…
Glass-Stegall Act 1933
•Restricted commercial national banks from engaging in most i…
Interstate Banking
•McFadden Act (1927, 1933) prohibited interstate banking... •Rie…
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
10 terms
Banking and Financial Systems
Many recent bank closings can be tied…
What is another name for the rate of t…
What is the first sale of a common sto…
What do actuaries do?... a. evaluate the…
D
A
A
C
Many recent bank closings can be tied…
D
What is another name for the rate of t…
A
Money, Banking and FInancial Systems
Valor
Activo
Bono
Tasa de interes
Es un derecho sobre el ingreso futuro del emisor o sobre sus…
Cualquier derecho financiero o trozo de propiedad que este su…
Valor de deuda que promete realizar pagos periódicos durante…
Costo de solicitar prestamos.
Valor
Es un derecho sobre el ingreso futuro del emisor o sobre sus…
Activo
Cualquier derecho financiero o trozo de propiedad que este su…
56 terms
Banking and Financial Systems Test Review
Finance
Budget
Fixed income
Fixed expenses
managing money
a fixed amount to work with, to limit
income that is already decided
consistent spending, stays the same
Finance
managing money
Budget
a fixed amount to work with, to limit
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
115 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
336 terms
FBLA Banking and Financial Systems
banking
payer
2-for-1 stock split
3-for-2 stock split
The issuing, exchanging, loaning, and custody of money and th…
The person who writes a check.
When each stockholder receives an additional share for each s…
When each stockholder receives an additional share for every…
banking
The issuing, exchanging, loaning, and custody of money and th…
payer
The person who writes a check.
344 terms
FBLA Banking and Financial Systems Copy
50/30/20 RULE OF THUMB
SAVINGS BREAKDOWN
BLUE CHIP STOCK
DIVERSIFIED PORTFOLIO
At least 20% of your income should go towards savings, 30% go…
1. save 10 - 15% of income for retirement... 2. establish a"emer…
stocks in giant companies with solid reputations. Unlikely to…
A common mistake of new investors is to invest heavily in a s…
50/30/20 RULE OF THUMB
At least 20% of your income should go towards savings, 30% go…
SAVINGS BREAKDOWN
1. save 10 - 15% of income for retirement... 2. establish a"emer…
Ch. 12: Money, Banking, & the Financial System
C
E
B
E
When we say that money serves as a unit of account, this mean…
M1 is equal to:... a. savings deposits + money market mutual fu…
A bank has $100 million in assets and a net worth of $20 mill…
A bank has $1 million in excess reserves and the required res…
C
When we say that money serves as a unit of account, this mean…
E
M1 is equal to:... a. savings deposits + money market mutual fu…
16 terms
Money, Banking, and the Financial System Chapter 4
Expected return
Risk
Diversification
Market Risk
The rate of return expected of an asset during a future period
the degree of uncertainty in the return of an asset
The division of wealth among assets to reduce risk
Risk that is common to all assets of a certain type, such as…
Expected return
The rate of return expected of an asset during a future period
Risk
the degree of uncertainty in the return of an asset
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