8.1 Vocab Flashcards
bank
a financial institution licensed to receive deposits and provide financial services
a financial institution licensed to receive deposits and provide financial services
bank
FDIC
Federal Deposit Insurance Corporation
independent federal agency that insures deposits in bank accounts up to 250,000
independent federal agency that insures deposits in bank accounts up to 250,000
FDIC
Federal Deposit Insurance Corporation
NCUA
National Credit Union Administration
independent federal agency that insures deposits in credit unions up to 250,000
independent federal agency that insures deposits in credit unions up to 250,000
NCUA
National Credit Union Administration
unbanked
people who don’t have bank accounts
people who don’t have bank accounts
unbanked
underbanked
people who have savings or checking accounts but still use alternative financial products and services
people who have savings or checking accounts but still use alternative financial products and services
underbanked
