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Study sets matching "banking it financial"

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Study sets matching "banking it financial"

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…
14 terms
Financial Banking
Credit Union
commercial Banking
Mortgage Banking
Investment services
provides financial services including saving and lending. It…
operated to generate a profit and offer a wide variety of ser…
provides funds to purchasers of property such as land and bui…
does not make loans to or accept time deposits from individuals
Credit Union
provides financial services including saving and lending. It…
commercial Banking
operated to generate a profit and offer a wide variety of ser…
53 terms
Unit 3 - Banking - Financial Management
ABA number/check routing number
ATM card
automatic bill payment services
bank
A unique code on a check assigned by the American Bankers Ass…
A plastic card used to withdraw money from a banking institut…
Automated payments made from a banking, brokerage or mutual f…
A type of business establishment in which money is kept for s…
ABA number/check routing number
A unique code on a check assigned by the American Bankers Ass…
ATM card
A plastic card used to withdraw money from a banking institut…
26 terms
Islamic Banking and financial matters
Zakat
Sadaqah
Riba
current account
Tax for charity; obligatory for all Muslims
is voluntary giving that should be done in secret with the ri…
interest that you have to pay back when you take loans from n…
a bank account that you can take money out of at any time
Zakat
Tax for charity; obligatory for all Muslims
Sadaqah
is voluntary giving that should be done in secret with the ri…
19 terms
Financial Literacy - Investing/Banking
Federal Reserve
FDIC
NCUA
Commercial Bank
A national banking system, established in 1913, that controls…
Federal Deposit Insurance Corporation: ... Insured bank deposits…
The National Credit Union Administration (NCUA) is the indepe…
A privately owned financial institution that accepts deposits…
Federal Reserve
A national banking system, established in 1913, that controls…
FDIC
Federal Deposit Insurance Corporation: ... Insured bank deposits…
28 terms
English for financial literacy Banking
checking account
cash back
debit card
postdated cheque
an account at a bank that allows the holder to write cheques
charging more money to your card when paying (e.g., at Supers…
a card that lets you pay for purchases by transferring money…
this cheque has a date in the future on it and cannot be cash…
checking account
an account at a bank that allows the holder to write cheques
cash back
charging more money to your card when paying (e.g., at Supers…
14 terms
Financial and Banking
Financial system
Financial market
types of financial market
Money market
Composed of the myriad markets and institutions through which…
includes money and capital market or organized for a in which…
money market, capital market
refers to all institutions and procedures that provide for tr…
Financial system
Composed of the myriad markets and institutions through which…
Financial market
includes money and capital market or organized for a in which…
12 terms
MM: Banking & Financial Planning
savings account ... a place where you pu…
checking account ... an account that you…
cash ... to exchange a check for money
save... to keep something and collect more
I put money in a savings account each month to pay for a new…
I deposited my paycheck into my checking account.
I have to cash a check to get the money.
It is a good idea to save money.
savings account ... a place where you pu…
I put money in a savings account each month to pay for a new…
checking account ... an account that you…
I deposited my paycheck into my checking account.
12 terms
MM: Banking & Financial Planning
savings account ... a place where you pu…
checking account ... an account that you…
cash ... to exchange a check for money
save... to keep something and collect more
I put money in a savings account each month to pay for a new…
I deposited my paycheck into my checking account.
I have to cash a check to get the money.
It is a good idea to save money.
savings account ... a place where you pu…
I put money in a savings account each month to pay for a new…
checking account ... an account that you…
I deposited my paycheck into my checking account.
12 terms
Money Management: Banking & Financial Planning
savings account
checking account
cash
save
a place where you put money you want to use later
an account that you can take money out of using a check or a…
to exchange a check for money
to keep something and collect more
savings account
a place where you put money you want to use later
checking account
an account that you can take money out of using a check or a…
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.
18 terms
Banking terms - Financial Literacy
ATM (Automated teller machine)
PIN (Personal identification number)
Bank
Teller
A machine that allows you to make banking transactions withou…
A secret 4 digit number that only you know. Can be used at an…
A financial institution where people can deposit their money…
Is a person that helps you behind the counter at the bank.
ATM (Automated teller machine)
A machine that allows you to make banking transactions withou…
PIN (Personal identification number)
A secret 4 digit number that only you know. Can be used at an…
42 terms
Bank and Financial
True
False
True
False
The fee a stockbroker charges for placing an order for securi…
Bonds give the owner part ownership of the company.
Bank deposits are insured by the federal deposit insurance co…
Investment instruments sold by banks are insured by the FDIC.
True
The fee a stockbroker charges for placing an order for securi…
False
Bonds give the owner part ownership of the company.
52 terms
Unit 3 - Banking - Financial Management
ABA number/check routing number
ATM card
automatic bill payment services
bank
A unique code presents on a check assigned by the American Ba…
A plastic card used to withdraw money from a banking institut…
Automated payments made from a banking, brokerage or mutual f…
A type of business establishment in which money is kept for s…
ABA number/check routing number
A unique code presents on a check assigned by the American Ba…
ATM card
A plastic card used to withdraw money from a banking institut…
8 terms
Banking - Financial Institutions
Interest
Commercial Bank
Mutual Savings Bank
Savings and Loan
fee paid for the opportunity to use someone else's money for…
owned by shareholders; operated for a profit
state chartered; operated by trustees; profits paid to deposi…
originally specialized in providing funds for home buyers; ma…
Interest
fee paid for the opportunity to use someone else's money for…
Commercial Bank
owned by shareholders; operated for a profit
37 terms
financial literacy banking and financial services
check
savings account
checking account
depositor
a written order from a depositor telling the back to pay a st…
a bank account on which interest is paid and cash withdrawals…
a bank account that enables you to make withdrawals or paymen…
a person or business that has cash on deposit in a bank
check
a written order from a depositor telling the back to pay a st…
savings account
a bank account on which interest is paid and cash withdrawals…
22 terms
(12) Banking and financial problems
capital flight
conflict of interests
credit card cloning
embezzlement
ucieczka kaptału;
konflikt interesów
kopiowanie karty kredytowej
defraudacja
capital flight
ucieczka kaptału;
conflict of interests
konflikt interesów
16 terms
Financial Management: Banking & Check Writing
Interest
Bank
Withdrawal
Deposit
Money paid regularly at a particular rate for the use of mone…
Institution where you place/loan your money and that loans mo…
Taking money out of a bank account.
Putting money into a bank account.
Interest
Money paid regularly at a particular rate for the use of mone…
Bank
Institution where you place/loan your money and that loans mo…
9 terms
Financial it
taxes
IRS
form W4
allowance
compulsory charges imposed on citizens by local, state and th…
A government agency which collects taxes for the federal gove…
employers withholding allowance certificate provides a percen…
The government allows taxpayers to claim certain allowances,…
taxes
compulsory charges imposed on citizens by local, state and th…
IRS
A government agency which collects taxes for the federal gove…
71 terms
Money, Banking & Financial Markets
Investing in financial instruments in…
Identify which of the following is not…
Identify which item is not one of the…
The statement "risk requires compensat…
Chapter 1... Is made easier by the use of mutual funds
Chapter 1... Stability creates risk
Chapter 1... Credit cards
Chapter 1... Will only accept risk when they are rewarded for do…
Investing in financial instruments in…
Chapter 1... Is made easier by the use of mutual funds
Identify which of the following is not…
Chapter 1... Stability creates risk
10 terms
Financial Intelligence for IT Professionals
Depreciation
Write-offs
Capital expenditures
Capitalize
The method accountants use to allocate the cost of equipment,…
One-time charges segregated on the income statement for adjus…
The purchase of an item that is considered a long-term item s…
To capitalize is an accounting method used to delay the recog…
Depreciation
The method accountants use to allocate the cost of equipment,…
Write-offs
One-time charges segregated on the income statement for adjus…
209 terms
Banking and Financial Vocabularies
to accept a bill
account
account overdraft
actual yield
...
...
...
...
to accept a bill
...
account
...
42 terms
Banking Terminology for Financial Literacy
Overdraft
Stop payment order
Reconciliation
Canceled check
A check written for more money than your account contains
A request made to cancel a check or payment that has not been…
Agreement
A check that has cleared your account
Overdraft
A check written for more money than your account contains
Stop payment order
A request made to cancel a check or payment that has not been…
20 terms
Banking Financial Vocabulary
1040
1040DEZ
401 (K)
403 (B)
A tax form filled out by an individual and filled with IRS th…
A tax form, similar to the 1040, filled out with an individua…
A retirement account offered though an employer, where an emp…
A retirement account similar to a 401 K plan, but offered by…
1040
A tax form filled out by an individual and filled with IRS th…
1040DEZ
A tax form, similar to the 1040, filled out with an individua…
Banking--Financial Management Terms
Commercial Banks
Savings and Loans
Credit Unions
Interest Rate
A full-service financial institution that offers a variety of…
A financial institution that provides loans and mortgages to…
A nonprofit financial cooperative owned by its members.
a percent that is paid on money in a bank account or money ow…
Commercial Banks
A full-service financial institution that offers a variety of…
Savings and Loans
A financial institution that provides loans and mortgages to…
43 terms
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
25 terms
Financial Institutions - Banking
Bank
Credit Union
Federal Insurance Deposit Corporation
National Credit Union Administration
Corporations who make profit by lending money
Not for profit business formed by groups of people with commo…
Insures deposits of up to $250,000 per institution, as long a…
Insured deposits of up to $250,000 per institution, as long a…
Bank
Corporations who make profit by lending money
Credit Union
Not for profit business formed by groups of people with commo…
5 terms
MM: Banking & Financial Planning (REVIEW)
cash
interest
income
transaction
cash
interest
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…
22 terms
Financial Literacy -- Banking and Retirement Terms
401 (k)
403 (b)
457 Plan
Individual Retirement Accounts (IRA)
A plan offered by corporations to its employees to set aside…
A plan offered by non-profits and universities to its employe…
A plan slightly different from 401(k) in that it is offered t…
An account that allows you to personally save for retirement.
401 (k)
A plan offered by corporations to its employees to set aside…
403 (b)
A plan offered by non-profits and universities to its employe…
13 terms
Banking and Financial Systems
Asset
Central Banks
Commercial Banks
Depositors
Is anything of value.
Governmental banks that manage, regulate, and protect the mon…
Do about 60% of deposit and loan and provide services such as…
People that put money into banks.
Asset
Is anything of value.
Central Banks
Governmental banks that manage, regulate, and protect the mon…
9 terms
BANKING review for W!SE Financial Literacy Test
Bounced check
Cashier's Check
credit union
Commercial Bank
a check written for an amount more than in your account
A check issued by a bank and sold to you for personal payment…
A nonprofit financial institution that is owned by its member…
a for-profit institution that offers a full range of financia…
Bounced check
a check written for an amount more than in your account
Cashier's Check
A check issued by a bank and sold to you for personal payment…
27 terms
Freshman Foundations ~ Financial Mgmt./Banking
budget
Assets
income statement
Balance Sheet
is a plan specifying how money will be used or spent during a…
are property and other items of value owned by a person or bu…
is a report of the revenue, expenses, and net income or net l…
A financial statement that reports assets, liabilities, and o…
budget
is a plan specifying how money will be used or spent during a…
Assets
are property and other items of value owned by a person or bu…
21 terms
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…
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
92 terms
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.
36 terms
Banking/Checks Financial Lit
Federal Reserve
FDIC
Liquidity
Retail Bank
Is the Central Banking system in the US. Started in 1913... It c…
Federal Deposit Insurance Corporation... This ensures your money…
Refers to the ease of converting an investment into cash. A b…
a financial institution that takes deposits and makes loans t…
Federal Reserve
Is the Central Banking system in the US. Started in 1913... It c…
FDIC
Federal Deposit Insurance Corporation... This ensures your money…
37 terms
Financial Literacy Banking
commercial banks
finance companies
6
restrictive
what was the first financial institutions in America?
which of these do not accept deposits?
how many coin denominations are currently in circulation?
o for deposits only - John SmithO is what type of endorsement?
commercial banks
what was the first financial institutions in America?
finance companies
which of these do not accept deposits?
15 terms
Banking and Financial Services Chapter 1
saving
investing
deposit
withdraw
The process of setting money aside for a future date instead…
The process of setting money aside to increase wealth over ti…
Money you put into your savings account
Money taken out of your savings account
saving
The process of setting money aside for a future date instead…
investing
The process of setting money aside to increase wealth over ti…
38 terms
Banking and Financial Institutions Test
Which of the following is a false stat…
Minimum Balance
How is a credit union mainly different…
How can your bank make money?
C
The amount of money you need to maintain in your account to a…
credit unions invest in the community and often offer classes…
charge you a fee for using an ATM from another bank, charge f…
Which of the following is a false stat…
C
Minimum Balance
The amount of money you need to maintain in your account to a…
39 terms
Acronym of EL for financial & banking
International Monetary Fund
Association of south east Asian nations
World trade organization
European Union
IMF
ASEAN
WTO
EU
International Monetary Fund
IMF
Association of south east Asian nations
ASEAN
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…
47 terms
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…
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…
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.
44 terms
Chapter 17 Banking and Financial Services
Automatic bill payment
Automatic teller machine
Bank money order
Bank reconciliation
a service by which a bank deducts a payment from your account…
a computerized device that allows customers to make bank tran…
a form sold by a bank stating that money is to be paid to a s…
the document created to show how your own record of your chec…
Automatic bill payment
a service by which a bank deducts a payment from your account…
Automatic teller machine
a computerized device that allows customers to make bank tran…
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
25 terms
Chapter 17 - Banking and Financial Services
Federal Reserve System
commercial bank
credit union
Federal Deposit Insurance Corporation
Supervises and regulates member banks and helps banks serve t…
Often called full-service banks because they offer a wide ran…
A user-owned, not-for-profit, cooperative financial instituti…
The federal agency that helps to regulate banks and other fin…
Federal Reserve System
Supervises and regulates member banks and helps banks serve t…
commercial bank
Often called full-service banks because they offer a wide ran…
8 terms
Financial lit banking vocab
APY
ATM
Bank reconcilitation
Debit card
the amount of interest that a $100 deposit would earn after c…
a computer terminal that allows a withdrawal of cash from and…
The process of matching your checkbook register with the bank…
a cash card that allows you too withdrawal money or pay from…
APY
the amount of interest that a $100 deposit would earn after c…
ATM
a computer terminal that allows a withdrawal of cash from and…
29 terms
Financial Planning:Banking Basics
Automated Teller Machines (ATM)
Debit Cards
Cashier's check
Certificates of deposit (CDs)
let you use a plastic, coded card to withdraw cash, deposit m…
upon use, money is deducted from your account immediately; so…
guaranteed by a bank and received as cash; may be required as…
a low-risk way to save money, insured by the FDIC; your money…
Automated Teller Machines (ATM)
let you use a plastic, coded card to withdraw cash, deposit m…
Debit Cards
upon use, money is deducted from your account immediately; so…
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