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Business Orientation Banking Test

Review of Banking Vocabulary

AB
Safe Deposit BoxA place in a bank vault to store valuables
Stock Market CrashThe event in 1929 that led the government to enact the FDIC and FSLIC
Drawer/PayerThe person who signs a check
SavingsA bank account on which interest is always paid
CheckbookA bound book containing stubs or a register and unused checks
Deposit SlipA form that accompanies a deposit and shows the items deposited
Alexander HamiltonHe is on the $10 bill
Federal Reserve BanksThere are twelve of them in the United States
Trust CompanyA bank that manages the money and property of others
Signature CardA card kept by a bank that shows the signature of the person or person authorized to draw checks against the account
AccountThe record that a bank keeps of a customer's deposits
DepositMoney that is placed in a bank account by a customer
Checking AccountA bank account against which a depositor may write checks
Checkbook RegisterA depositor's record of deposits made and of check written
PayeeThe person to whom a check is made payable
Commercial Bank or Full Service BankA bank sometimes referred to as a financial department store
FDICA federal agency that guarantees bank deposits up to $100,000 for each account
DepositorOne who places money in a bank account
Electronic Funds TransferThe means through which you have checks directly deposited to your account
Night DepositoryA place at the bank where customers can put deposits after the bank closes



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