Banking Flashcards
1
Q
What you owe the bang plus more for how long you owe money
A
Interest
2
Q
Owned by share holders
A
Commercial bank
3
Q
State charter bank
A
Mutual Savings Bank
4
Q
Providing money for home buyers
A
Savings and Loan
5
Q
Non profit owned by members
A
Credit Union
6
Q
Financial institution that operates over the internet
A
Internet Bank
7
Q
The Federal Deposit Insurance Corporation
A
FDIC
8
Q
Electronic funds transfer
A
EFT
9
Q
Automatic teller machine
A
ATM
10
Q
Personal identification number
A
PIN
11
Q
Allows you to get cash out of your account
A
Debit Card
12
Q
The person the check is made out to
A
Payee
13
Q
A bounced check
A
Overdraft
14
Q
Signature on the back of check
A
Endorsement
15
Q
Bank statement
A
Reconcile