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Study sets matching "banking systems"

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
Banking system
banking system
central bank
make money available
control interest rates
bankovní soustava
centrální banka
poskytovat peníze do oběhu
řídit úrokové sazby
banking system
bankovní soustava
central bank
centrální banka
17 terms
Banking System
checking account
check
demand deposit account
canceled check
a demand deposit in a bank on which checks are drawn.
a written order to a bank to pay a stated amount to a person…
account holder may withdraw money on demand or write checks o…
a check that has been processed by a bank.
checking account
a demand deposit in a bank on which checks are drawn.
check
a written order to a bank to pay a stated amount to a person…
15 terms
banking systems
commercial bank
charter
federal department insurance
community bank
is a business owned by investors called stockholders or share…
is the license authorizing a bank to operate
is an independent agency created by the federal government to…
is a type of commercial bank
commercial bank
is a business owned by investors called stockholders or share…
charter
is the license authorizing a bank to operate
13 terms
Banking systems
Federal Funds Market
Federal Funds Rate
Money Multiplier
Simple Money multiplier
A market for overnight lending and borrowing of reserves amon…
THe interest rate charged in the federal funds market; the in…
The multiple by which the money supply increases as a result…
The Reciprocal of the required reserve ratio, or 1/r; the max…
Federal Funds Market
A market for overnight lending and borrowing of reserves amon…
Federal Funds Rate
THe interest rate charged in the federal funds market; the in…
18 terms
Banking System
current account
deposit account
business loan
overdraft
used for day-to-day transactions
used for savings and extra money
long term loan with agreed repayments
account from which a customer can borrow occasionally
current account
used for day-to-day transactions
deposit account
used for savings and extra money
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.
11 terms
Banking system
declare (v)
Ministry (n)
representative (n)
department (n)
to announce something clearly, firmly, publicly or officially…
a department of the government led by a minister, bộ (n)
đại biểu (n)
a part of an organization such as a school, business or gover…
declare (v)
to announce something clearly, firmly, publicly or officially…
Ministry (n)
a department of the government led by a minister, bộ (n)
15 terms
THE BANKING SYSTEM
The financial system
Pooling savings
Diversifying risk
Providing liquidity
- Ultimate lenders and ultimate borrowers... - Financial markets…
Large loans
Many loans, different types
3% of assets in cash
The financial system
- Ultimate lenders and ultimate borrowers... - Financial markets…
Pooling savings
Large loans
19 terms
Checks, Banks, and The Banking System
1) 2-Party Paper Vs. 3-Party Paper
2) Time Instruments Vs. Demand Instrum…
3) Order Instruments Vs. Bearer Instru…
What does it take to be a negotiable i…
in 2-party papers, the two parties are called the Maker and t…
a Time instruments is one that is payable at or after the spe…
-an order instrument is payable to a specific party. Bearer i…
1) Needs to be in writing-This has to be written with somethi…
1) 2-Party Paper Vs. 3-Party Paper
in 2-party papers, the two parties are called the Maker and t…
2) Time Instruments Vs. Demand Instrum…
a Time instruments is one that is payable at or after the spe…
9 terms
Banking System
Central bank
Function of central banks
Commercial bank
Objectives of commercial banks
The central bank is a private institution which manages as co…
-responsible for management of monetary policy in the country…
A commercial bank is a type of bank that provides services, s…
-To increase profitability ... - To maintain liquidity ... -The pro…
Central bank
The central bank is a private institution which manages as co…
Function of central banks
-responsible for management of monetary policy in the country…
47 terms
Banking system
Checking account
Check
Demand Deposit account
Canceled check
...
...
...
...
Checking account
...
Check
...
30 terms
BANK SYSTEM
finančné inštitúcie
vklady
zainteresovaný v požičiavaní peňazí
vytvárať zisk
financial institutions
deposits
engaged in lending mony
operate for profit
finančné inštitúcie
financial institutions
vklady
deposits
12 terms
banking system
commercial bank
FDIC
Savings and loans association
Mutual savings bank
a bank is organized
protects depositors money in case of the failure of a bank or…
Specialized in savings accounts and making loans for home mor…
provides a variety of service.
commercial bank
a bank is organized
FDIC
protects depositors money in case of the failure of a bank or…
27 terms
banking system
float
FDIC
federal reserve system
blank endorsement
betting that a deposit will clear the bank before a check is…
federal deposit insurance company. Insures your money up to $…
central bank of the United States, sets the interest rates an…
signature exactly as it appears on the front of the check
float
betting that a deposit will clear the bank before a check is…
FDIC
federal deposit insurance company. Insures your money up to $…
12 terms
the banking system
Depository Institutions
Credit Unions
Consumer Finance Companies
Commercial Banks
financial institution in the United States (such as a savings…
a nonprofit-making money cooperative whose members can borrow…
the financing of goods and services for consumer. That defini…
a bank that offers services to the general public and to comp…
Depository Institutions
financial institution in the United States (such as a savings…
Credit Unions
a nonprofit-making money cooperative whose members can borrow…
8 terms
Banking Systems Chapter 4
Simple Loan
Fixed Payment Loan
Coupon Bond
Discount Bond
Lender provides borrower with amount of funds. Must be repaid…
Principal is repaid by making the same payment (principal + i…
Pays the owner of the bond a fixed interest payment (coupon p…
(Also called a zero-coupon bond) is bought at a price below i…
Simple Loan
Lender provides borrower with amount of funds. Must be repaid…
Fixed Payment Loan
Principal is repaid by making the same payment (principal + i…
44 terms
Banking system
microfinance
collateral
to write off
risk management
mikrofinansowanie
zabezpieczenie
umorzyć
zarządzanie ryzykiem
microfinance
mikrofinansowanie
collateral
zabezpieczenie
18 terms
Banking system
Primary sources of a bank's income
Secondary sources of a bank's revenue
Commercial bank
Credit union
1. Fees... 2. Interests and loans
1. Credit card fees... 2. Financial planning
A for-profit company... Offers services including checking accou…
Financial institution... Provides banking services to its MEMBER…
Primary sources of a bank's income
1. Fees... 2. Interests and loans
Secondary sources of a bank's revenue
1. Credit card fees... 2. Financial planning
14 terms
Banking Systems Chapter 9
commercial lending
term loan
short-term loan
factoring
lending to business enterprises
finances permanent working capital, equipment, real estate, b…
Loan usually for a year or less, used by businesses to financ…
advances cash to a business in exchange for its receivables.
commercial lending
lending to business enterprises
term loan
finances permanent working capital, equipment, real estate, b…
17 terms
Banking Systems Chapter 11
bandit barrier
ethics
code of ethics
conflict of interest
bulletproof plastic shields positioned in front of each telle…
the process of determining standards and procedures for deali…
a statement adopted by the management and board of directors…
A situation in which a person in a position of responsibility…
bandit barrier
bulletproof plastic shields positioned in front of each telle…
ethics
the process of determining standards and procedures for deali…
25 terms
Banking Systems Chapter 10
sovereign wealth fund
edge corporations
correspondent bank
country risk
Excess funds that are segregated from a country's official cu…
Are financial corporations that are federally chartered and a…
Acts as a point of contact for other banks that do not have a…
The term for the entire range of political, legal, social, an…
sovereign wealth fund
Excess funds that are segregated from a country's official cu…
edge corporations
Are financial corporations that are federally chartered and a…
28 terms
Banking system
What is debt at in 1910?
In 1913, what amount of tax was paid b…
In 1916, what percentage of GNP was Fe…
What percentage did the Revenue Act of…
$3.2 billion
1 to 7%
1.5%
2 to 15%
What is debt at in 1910?
$3.2 billion
In 1913, what amount of tax was paid b…
1 to 7%
16 terms
The Banking System - Checking Accounts
checking account
check
check
demand deposit
a demand deposit in a bank on which checks are drawn.
a written order to a bank to pay a stated amount to a person…
funds that can be demanded or checks can be written at any ti…
checking account
a demand deposit in a bank on which checks are drawn.
check
58 terms
Banking system
Collapse of what 3 financial instituti…
Nationalisation of Nippon Credit Bank
Nixon shock. When, and what effect?
1974 GDP growth rate v.s. 1978-80 GDP…
Sanyo securities, Hokkaido Takushoku Bank, Yamaichi Securitie…
December 1998
1971, depreciation of dollar and 12% appreciation of yen.
-0.1% v.s. 5%. oil shocks were well managed
Collapse of what 3 financial instituti…
Sanyo securities, Hokkaido Takushoku Bank, Yamaichi Securitie…
Nationalisation of Nippon Credit Bank
December 1998
12 terms
banking Systems Chapter 13
operations
departmentalization
customer service representative (CSR)
integrity
are support services
division of the bank into departments
help customers open checking and savings... accounts, obtain deb…
the steadfast adherence to a strict moral or ethical code
operations
are support services
departmentalization
division of the bank into departments
11 terms
Banking system
ADVANTAGES OF HAVING BANKS TO THE DEPO…
ADVANTAGES OF HAVING BANKS TO THE BANK:
ADVANTAGES OF HAVING BANKS TO THE ECON…
HOW CAN BANKS HELP AN ECONOMY?
They earn interest on the money they put into the... bank
The bank earns interest on the loans they make to people and…
If there were no banks, many people would never be able to ha…
1. THROUGH MANY INDIVIDUAL deposits, THEY COMBINE SMALL AMOUN…
ADVANTAGES OF HAVING BANKS TO THE DEPO…
They earn interest on the money they put into the... bank
ADVANTAGES OF HAVING BANKS TO THE BANK:
The bank earns interest on the loans they make to people and…
18 terms
Banking Systems Chapter 12
demographics
need
want
customer segmentation
the specific shared characteristics that comprise distinct gr…
A requirement for basic survival
something that you would prefer to have but that you could li…
the process of dividing customers... into subgroups, each of whi…
demographics
the specific shared characteristics that comprise distinct gr…
need
A requirement for basic survival
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…
26 terms
Banking Systems Chapter 7
Asset transformation
modern portfolio theory (MPT)
adverse selection
captive borrower
using deposits to generate revenue by putting deposits to wor…
states that within any portfolio of investments, diversificat…
the concept that the borrowers who are most willing to accept…
a segment of borrowers that are most likely to prefer one typ…
Asset transformation
using deposits to generate revenue by putting deposits to wor…
modern portfolio theory (MPT)
states that within any portfolio of investments, diversificat…
25 terms
Banking Systems Chapter 5
Transaction account
Demand deposit
Check 21
Time deposit
an account that allows transactions to occur without restrict…
transaction accounts are demand deposit accounts and are paya…
federal legislation that became effective in October 2004, cr…
are deposits that are held for or mature at a specified time.…
Transaction account
an account that allows transactions to occur without restrict…
Demand deposit
transaction accounts are demand deposit accounts and are paya…
32 terms
Chapter 3 Banking Systems
member bank
District Reserve Bank
what are the four structural elements…
what are the primary functions of the…
bank that belongs to the Federal Reserve System
carry out banking functions for government offices in their a…
Member banks. District Reserve Banks, Board of Governors and…
to serve as the government's bank, ... to ensure that the financ…
member bank
bank that belongs to the Federal Reserve System
District Reserve Bank
carry out banking functions for government offices in their a…
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.
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
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…
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…
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.
20 terms
ICT Banking and Payment Systems
EFT
Use of EFT?
Cash Machines (ATM)
What does an ATM read?
System to allow money transfer direct to bank's computer system
Large businesses to pay employees salaries
Are used with a band card.
Magnetic strip reader or smart card reader
EFT
System to allow money transfer direct to bank's computer system
Use of EFT?
Large businesses to pay employees salaries
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
21 terms
Chapter 4- Banking Systems
Commercial Bank
Charter
Federal Deposit Insurance Corporation…
Community Bank
business owned by investors, and its primary functions are to…
license that authorizes a bank to operate
an independent agency created by the federal government to pr…
type of commercial bank that is locally owned and operated
Commercial Bank
business owned by investors, and its primary functions are to…
Charter
license that authorizes a bank to operate
30 terms
Banking systems Final Review
Record keeping is an important part of…
Money is a medium of exchange for peop…
There is no form of paper currency in…
The first Bank of the United States wa…
True
Tue
False
False
Record keeping is an important part of…
True
Money is a medium of exchange for peop…
Tue
10 terms
ICT-Banking & Payment Systems
Electronic Fund Transfer (EFT)
Using Cash Machines (ATMs)
Electronic Payments for Goods (EFTPOS)
Uses of Internet Banking
EFT is a system that allows money transfer instructions to be…
A customer identifies him/herself and their bank account by u…
Banks allow goods to be paid for electronically, using a syst…
•Check the balance of bank accounts... •Pay bills... •Transfer mone…
Electronic Fund Transfer (EFT)
EFT is a system that allows money transfer instructions to be…
Using Cash Machines (ATMs)
A customer identifies him/herself and their bank account by u…
6 terms
Banking & Payment Systems
Electronic Fund Transfer (ETF)
Using Cash Machines (ATMs)
Electronic Payments for Goods (EFTPOS)
Internet Banking
EFT is a system that allows money transfer instructions to be…
ATMs can be used to for a range of banking services...... •Withd…
Banks allow goods to be paid for electronically, using a syst…
It is now very common for bank customers to access their bank…
Electronic Fund Transfer (ETF)
EFT is a system that allows money transfer instructions to be…
Using Cash Machines (ATMs)
ATMs can be used to for a range of banking services...... •Withd…
40 terms
Banking Systems 2nd Ed. Chapter 3
Adverse feedback loop
Asia Pacific Economic Cooperation (APEC)
Balance of payments
Bank for International Settlements (BIS)
occurs when financial disruptions cause investment and consum…
21 members of APEC are referred to as "member economies." APE…
record of all the exchanges of goods and services that occur…
bank for central banks that serves only countries with a focu…
Adverse feedback loop
occurs when financial disruptions cause investment and consum…
Asia Pacific Economic Cooperation (APEC)
21 members of APEC are referred to as "member economies." APE…
14 terms
Banking and Payment Systems
ETF
Using Cash Machines
ATMs
ATM can use EFT
Electronic Fund Transfer (ETF) is a system that allows money…
Can be used to for a range of banking services:... •Withdrawing…
A customer identifies him/herself and their bank account by u…
If a customer of Bank A uses her debit card to withdraw cash…
ETF
Electronic Fund Transfer (ETF) is a system that allows money…
Using Cash Machines
Can be used to for a range of banking services:... •Withdrawing…
25 terms
Banking Systems Chapter 5
Transaction account
Demand deposit
Check 21
Time deposit
an account that allows transactions to occur without restrict…
transaction accounts are demand deposit accounts and are paya…
federal legislation that became effective in October 2004, cr…
are deposits that are held for or mature at a specified time.…
Transaction account
an account that allows transactions to occur without restrict…
Demand deposit
transaction accounts are demand deposit accounts and are paya…
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…
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…
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