More Notes

Question 0

____ are issued by banks to users who are borrowers

Answer 0

Credit cards

Question 1

One common loan a bank makes is a _____

Answer 1

Mortgage

Question 2

____ tightly regulated the amount of interest that banks cold pay on deposits and could charge on loans

Answer 2

Banking act of 1933

Question 3

_____ lifted the last restriction from the act of 1933 that had prevented banks,insurance companies, and investment co panties from selling the same products and competing with one another

Answer 3

Financial service act of 1999

Question 4

____ is a contract a corporation issues that promises to repay borrowed money, plus interest on a fixed schedule

Answer 4

Bond

Question 5

____ has changed the way customers use banks producing a system general referred to as electronic banking

Answer 5

Technology

Question 6

____ allows customers to make deposits ,withdrawals, and transfers and check account balances at any time without seeing a bank officer

Answer 6

ATM

Question 7

____ is the Oldest form of electronic banking

Answer 7

ATM