Study sets matching "banking vocab chapter 1"

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Study sets matching "banking vocab chapter 1"

8 terms
Chapter 1 Banking Basics
Bank
Depository institution
Retail bank
Commercial bank
A type of financial institution
Customers can give their money to it (make a deposit) and the…
Provide services for consumers, such as deposit accounts, mor…
Focuses on business customers, providing bank accounts along…
Bank
A type of financial institution
Depository institution
Customers can give their money to it (make a deposit) and the…
Banking: Chapter 1 Vocab
Personal Financial Planning
Opportunity Cost
Liquidity
Economics
Your own money plan to help you live comfortably
What is given up when you make one choice instead of another
Ability to easily convert assets into cash without it loosing…
The study of the decisions that go into making, distributing,…
Personal Financial Planning
Your own money plan to help you live comfortably
Opportunity Cost
What is given up when you make one choice instead of another
12 terms
Banking Chapter 1
______ borrower loans with teaser rate…
Increased FDIC coverage to ______(#) f…
Many of the largest banks that operate…
Global banks
subprime
$250,000
Subprime mortgages; Private-label mortgage backed securities;…
offer a wide array of products and services globally.
______ borrower loans with teaser rate…
subprime
Increased FDIC coverage to ______(#) f…
$250,000
banking 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…
50 terms
money and banking chapter 1
3 key components of the financial system
financial asset
security
financial market
1. financial assets... 2. financial institutions... 3. federal rese…
asset that represents a claim on someone else for a payment
1. financial asset that can be bought or sold in a market... 2.…
a place or channel for buying or selling stocks/bonds/other s…
3 key components of the financial system
1. financial assets... 2. financial institutions... 3. federal rese…
financial asset
asset that represents a claim on someone else for a payment
38 terms
Banking Chapter 1
asset
intermediary
functions banks perform
central banks
anything of value
facilitator acting between parties
safeguard money, transfer, exchange, and lend money
government banks that regulate and manage money supply
asset
anything of value
intermediary
facilitator acting between parties
11 terms
Banking Chapter 1
Saving
Investing
Deposit
Withdrawal
the process of setting money aside until a future date instea…
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 until a future date instea…
Investing
the process of setting money aside to increase wealth over ti…
38 terms
Banking Chapter 1
asset
intermediary
functions banks perform
central banks
anything of value
facilitator acting between parties
safeguard money, transfer, exchange, and lend money
government banks that regulate and manage money supply
asset
anything of value
intermediary
facilitator acting between parties
20 terms
BANKING-Chapter 1
A bank is a not-for-profit organizatio…
All federally chartered banks must be…
Commercial banks offer their services…
Record Keeping is an important part of…
False
True
False
True
A bank is a not-for-profit organizatio…
False
All federally chartered banks must be…
True
20 terms
BANKING-Chapter 1
A bank is a not-for-profit organizatio…
All federally chartered banks must be…
Commercial banks offer their services…
Record Keeping is an important part of…
False
True
False
True
A bank is a not-for-profit organizatio…
False
All federally chartered banks must be…
True
24 terms
Banking-Chapter 1
Medium of Exchange
Financial Intermediary
Commercial Bank
Retail bank
an agreed-upon system for measuring the value of goods and se…
institution, firm, or individual who mediates between two or…
institutions commonly thought of as a banks; bank owned by st…
thrift institutions such as mutual savings banks, savings and…
Medium of Exchange
an agreed-upon system for measuring the value of goods and se…
Financial Intermediary
institution, firm, or individual who mediates between two or…
30 terms
Money & Banking Chapter 1.1
Financial markets promote economic eff…
Financial markets promote greater econ…
Well-functioning financial markets pro…
A key factor in producing high economi…
Answer: ... C
Answer: ... C
Answer: ... D
Answer:... B
Financial markets promote economic eff…
Answer: ... C
Financial markets promote greater econ…
Answer: ... C
Banking Administration Chapter 1
bank
commercial banks
money center banks
community banks
financial intermediary that offers the widest range of financ…
sell deposits and make loans to businesses, individuals, and…
largest banks in the industry that offer their services from…
banking firms that serve predominantly cities and town within…
bank
financial intermediary that offers the widest range of financ…
commercial banks
sell deposits and make loans to businesses, individuals, and…
12 terms
Banking Chapter 1 Vocab
Saving
Investing
Deposit
Withdrawal
goal is to provide funds for emergencies, short-term goals &…
process of setting $$ aside to increase wealth over time & ac…
$$ you put into your savings account
$$ taken out of your savings account
Saving
goal is to provide funds for emergencies, short-term goals &…
Investing
process of setting $$ aside to increase wealth over time & ac…
21 terms
Chapter 1-Money & Banking
Financial Markets
Security
Bond
Interest Rate
Markets in which funds are transferred from people who have a…
(Financial Instrument) is a claim on the issuer's future inco…
A debt security that promises to make payments periodically f…
The cost of borrowing or the price paid for the rental of funds
Financial Markets
Markets in which funds are transferred from people who have a…
Security
(Financial Instrument) is a claim on the issuer's future inco…
12 terms
Money & Banking Chapter 1.2
Channeling funds from individuals with…
A financial crisis is... A) not possible…
Banks are important to the study of mo…
Financial intermediaries... A) provide a…
Answer:... C
Answer:... B
Answer:... B
Answer:... A
Channeling funds from individuals with…
Answer:... C
A financial crisis is... A) not possible…
Answer:... B
25 terms
Money & Banking Chapter 1.3
Money is defined as... A) bills of exchan…
The upward and downward movement of ag…
Sustained downward movements in the bu…
During a recession, output declines re…
Answer: B
Answer: C
Answer: B
Answer: B
Money is defined as... A) bills of exchan…
Answer: B
The upward and downward movement of ag…
Answer: C
36 terms
Commercial Banking Chapter 1
Financial Services Modernization Act o…
Commercial bank
Money-center banks
Community banks
allows U.S banks to enter the securities and insurance and pe…
serves both business and household customers with deposits an…
Are industry leaders, spanning whole regions, nations, and co…
are usually much smaller and service local communities and to…
Financial Services Modernization Act o…
allows U.S banks to enter the securities and insurance and pe…
Commercial bank
serves both business and household customers with deposits an…
20 terms
banking chapter 1
central bank
commercial bank
internet bank
interstate bank
bank run by a country's government
serves the banking needs of consumers
operates globally
operations are limited to one geographic area
central bank
bank run by a country's government
commercial bank
serves the banking needs of consumers
41 terms
Chapter 1 banking
national bank
money center bank
investment bank
commercial bank
has offices across the country
used by large companies to acquire financing
helps companies to become publicly traded companies
focuses on business costumers
national bank
has offices across the country
money center bank
used by large companies to acquire financing
22 terms
Banking Chapter 1
Personal Loan
secured loan
unsecured loan
auto loans
loans to individuals (secured & unsecured)
must provide collateral
no collateral or loan purpose required (uncommon)
purchase new vehicles
Personal Loan
loans to individuals (secured & unsecured)
secured loan
must provide collateral
Banking and Finance Chapter 1 vocabulary
Economics
Opportunity Cost
Scarcity
Factors of Production
the study of the decisions that go into making, distributing,…
what you give up to get something else
requires that people decide which goods and services to use o…
resources needed to produce goods and services
Economics
the study of the decisions that go into making, distributing,…
Opportunity Cost
what you give up to get something else
Banking Chapter 1
Internal Controls
External Controls
Checking Account
Check
Steps a business takes to protect cash.
The measures and procedures provided outside the business to…
Allows a person or business to deposit cash in a bank and to…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Steps a business takes to protect cash.
External Controls
The measures and procedures provided outside the business to…
12 terms
Chapter 1 Banking
Saving
Investing
Deposit
Withdrawal
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…
Banking - Chapter 1 - Terms
saving
investing
deposit
withdrawal
putting money aside to use later.
putting money aside money with the goal of increasing your we…
money you put into an account.
money you take out an account.
saving
putting money aside to use later.
investing
putting money aside money with the goal of increasing your we…
45 terms
Money and Banking Chapter 1
Aggregate income
Aggregate Output
Aggregate Price Level
Asset
is the total of all incomes in an economy without adjustments…
is the total amount of output produced and supplied in the ec…
A measure of the average level of prices of goods and service…
property owned by a person or company, regarded as having val…
Aggregate income
is the total of all incomes in an economy without adjustments…
Aggregate Output
is the total amount of output produced and supplied in the ec…
Principals of Banking Chapter 1
Medium of Exchange
Financial Intermediary
Commercial Bank
Retail Bank
an agreed-upon system for measuring the value of goods and se…
an institution, firm, or individual who mediates between two…
institutions commonly thought of as banks; banks owned by sto…
Thrift institutions-such as mutual savings banks, savings and…
Medium of Exchange
an agreed-upon system for measuring the value of goods and se…
Financial Intermediary
an institution, firm, or individual who mediates between two…
11 terms
BANKING CHAPTER 1
Govt banks that regulate and manage mo…
The ratio of net income to total assets
Most common form of govt backed-corpor…
To banks, deposits represent this type…
Central bank
Return on assets (ROA)
Commercial bank
Liability
Govt banks that regulate and manage mo…
Central bank
The ratio of net income to total assets
Return on assets (ROA)
money and banking chapter 1
security
financial markets
bond
interest rate
a claim on the issuer's future income or assets
markets in which funds are transferred from people who have a…
a debt security that promises to make payments periodically f…
the cost of borrowing or the price paid for the rental of funds
security
a claim on the issuer's future income or assets
financial markets
markets in which funds are transferred from people who have a…
27 terms
money and banking chapter 1
financial markets
security
assets
bond
markets in which funds are transferred from people who have a…
a claim on the borrower's future income that is sold by the b…
a financial claim or piece of property that is a store of val…
a debt security that promises to make payments periodically f…
financial markets
markets in which funds are transferred from people who have a…
security
a claim on the borrower's future income that is sold by the b…
Money and Banking Chapter 1
asset
financial asset
security
financial markets
anything of value owned by a person or firm
an asset that represents a claim on someone else for payment
financial asset that can be bought and sold in a financial ma…
places or channels for buying or selling stocks, bonds, and o…
asset
anything of value owned by a person or firm
financial asset
an asset that represents a claim on someone else for payment
31 terms
Money And Banking - Chapter 1
Aggregate Income
Aggregate Output
Aggregate Price Level
Asset
The total income of factors of production (land, labor, capit…
Total production of goods and services in an economy
The average price of goods and services in an economy. More s…
Any financial claim or piece of property that is subject to o…
Aggregate Income
The total income of factors of production (land, labor, capit…
Aggregate Output
Total production of goods and services in an economy
38 terms
Banking Chapter 1
asset
intermediary
functions banks perform
central banks
anything of value
facilitator acting between parties
safeguard money, transfer, exchange, and lend money
government banks that regulate and manage money supply
asset
anything of value
intermediary
facilitator acting between parties
29 terms
Money and Banking Chapter 1
Financial Markets
Security (Financial Instrument)
Assets
Bond
Markets in which funds are transferred from people who have e…
A claim on the issuer's future income or assets
Any financial claim or piece of property that is subject to o…
Debt security that promises to make payments periodically for…
Financial Markets
Markets in which funds are transferred from people who have e…
Security (Financial Instrument)
A claim on the issuer's future income or assets
Money and Banking Chapter 1: Why study money, banking, and financial markets?
Financial markets
Security (financial instrument)
Asset
Bond
Markets in which funds are transferred from people who have a…
A claim on the issuer's future income or assets
Any financial claim or piece of property that is subject to o…
A debt security that promises to make payments periodically f…
Financial markets
Markets in which funds are transferred from people who have a…
Security (financial instrument)
A claim on the issuer's future income or assets
Chapter 1 Banking Study Guide
4 Attributes of Bank Employees
Community Reinvestment Act
FDIC
Gramm-Leach-Bliley Act
trustworthy, honest, responsible, professional
a federal law mandating that federal bank regulators regularl…
provides federal deposit insurance for insured depository ins…
opened the door for banks, securities, and insurance companie…
4 Attributes of Bank Employees
trustworthy, honest, responsible, professional
Community Reinvestment Act
a federal law mandating that federal bank regulators regularl…
27 terms
Chapter 1 Vocabulary (BANKS)
Boiler
Compressor
Cooling Tower
Dryer
a device in which water is boiled and converted into steam un…
a mechanical device used to increase the pressure of a gas or…
a structured designed to lower the temperature of watering la…
a device used to remove moisture from a process stream
Boiler
a device in which water is boiled and converted into steam un…
Compressor
a mechanical device used to increase the pressure of a gas or…
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…
Chapter 1& 2 Money & Banking
Assets
What are the major components of the f…
Financial Assets
What are the different types of Financ…
Anything of value owned by a person or firm
1. Financial Assets... 2. Financial Institutions... 3. Federal Rese…
Represents a claim on someone else for a payment. It can be b…
1. Money... 2. Stock... 3. Bonds... 4. Foreign Exchange... 5. Securitized…
Assets
Anything of value owned by a person or firm
What are the major components of the f…
1. Financial Assets... 2. Financial Institutions... 3. Federal Rese…
99 terms
Chapter 1 Blood Banking
Immunohematology
Antigen
Allogeneic
Hapten
study of blood group antigens and antibodies
foreign molecules that bind specifically to an antibody or a…
cells or tissue from self
small molecular-weight particle that requires a carrier molec…
Immunohematology
study of blood group antigens and antibodies
Antigen
foreign molecules that bind specifically to an antibody or a…
32 terms
Money & Banking Chapter 1
Financial Intermediary
Commerical Banks
Portfolio
Primary Markets
A financial firm that borrows funds from savers and lends the…
Take in deposits and use them to make loans
A collection of assets, such as stocks and bonds
Financial markets where stocks, bonds, and other securities a…
Financial Intermediary
A financial firm that borrows funds from savers and lends the…
Commerical Banks
Take in deposits and use them to make loans
Money and Banking Chapter 1
Asset
Financial Asset
Security
Financial Market
Anything of value that is owned by a person or a firm.
An asset that represents a claim on someone else for a payment.
A financial asset that can be bought and sold in a financial…
A place or channel for buying or selling stocks, bonds, and o…
Asset
Anything of value that is owned by a person or a firm.
Financial Asset
An asset that represents a claim on someone else for a payment.
35 terms
Money & Banking Chapter 1
3 major components of the financial sy…
Asset
Financial asset
Security
Financial assets, financial institutions, the Federal Reserve…
Anything of value owned by a person or a firm (cannot be boug…
An asset that represents a claim on someone else for a payment
A financial asset that can be bought and sold in a financial…
3 major components of the financial sy…
Financial assets, financial institutions, the Federal Reserve…
Asset
Anything of value owned by a person or a firm (cannot be boug…
Money & Banking Chapter 1
Aggregate Income
Aggregate Output
Aggregate Price Level
Asset
The total income of factors of production in an economy
The total production of final goods and services in an economy
The average price of goods and services in an economy
A financial claim or piece of property that is a store of value
Aggregate Income
The total income of factors of production in an economy
Aggregate Output
The total production of final goods and services in an economy
111 terms
Blood Banking - Chapter 1
Antigen
Antigen
Allogenic Antigens
Autologous antigens
Molecule that binds to an antibody or T-cell receptor
Large molecular weight proteins
Antigens which may be recognized as foreign to the individual…
Antigens that originate from the individual
Antigen
Molecule that binds to an antibody or T-cell receptor
Antigen
Large molecular weight proteins
Banking Chapter 1
Ethics
Code of conduct
Community Reinvestment Act
Federal Deposit Insurance Corporation
Principles of conduct and judgment that affect business pract…
Establishes bank policies about such matters as employee's re…
Improves the lives of low to moderate income customers and sm…
United States government corporation providing deposit insura…
Ethics
Principles of conduct and judgment that affect business pract…
Code of conduct
Establishes bank policies about such matters as employee's re…
Money and Banking Chapter 1-3
How are interest rates determined
Definition of banks
If aggregate increase, what is unemplo…
How does money play a part of business…
in bonds
financial institutions that accept deposits and make loans. T…
decreases
Rate of money growth declines= less jobs. Rate of growth goes…
How are interest rates determined
in bonds
Definition of banks
financial institutions that accept deposits and make loans. T…
Banking-chapter#1-terms
Saving
investing
deposit
withdrawl
Putting money aside to use later.
putting money aside with the goal if increasing your wealth.
money put in an account
taking money out
Saving
Putting money aside to use later.
investing
putting money aside with the goal if increasing your wealth.
22 terms
Banking- Chapter 1
Bond
Diversification
Income tax
Money
Debt, money that is borrowed by a company or government
The offering of a variety of products or services; also, inve…
A tax levied on the income of individuals
Any item that serves as a method of payment
Bond
Debt, money that is borrowed by a company or government
Diversification
The offering of a variety of products or services; also, inve…
30 terms
The Economics of Money, Banking & Financial Markets Chapter 1
Financial Markets
security
assets
bond
Markets in which funds are transferred from people who have a…
(also called financial instrument) is a claim on the issuers…
any financial claim or piece of property that is subject to o…
is a debt security that promises to make payments periodicall…
Financial Markets
Markets in which funds are transferred from people who have a…
security
(also called financial instrument) is a claim on the issuers…
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