| A | B |
|---|
| Safety Deposit Box | Additional storage for your valuable items. |
| Money | Can be anything that people accept as a standard for payment. |
| Federal Reserve System | Central banking organization in the United States. |
| Bank Account | A record of how much money a customer has put in to or taken out of a bank. |
| Financial Institution | Companies other banks that offer some of the same services. |
| Interest | A rate the bank pays you for keeping your money there. |
| Withdrawal | The money you take out of the bank. |
| Collateral | Something valuable you put up for a loan, such as a car or a coin collection, so that the bank can take it if you fail to pay back the loan. |
| Monetary System | Goods & services are indirectly exchanged using money, which can then be exchanged for other goods and services. |
| Mortgage | A deed to give the lender the property if the loan is not paid back. |
| Deposit | The money you put into a bank. |
| EFT | Money is transferred from one account to another through a network of computers. |
| ATM | Automated Teller Machine |
| Direct Deposit | Allows customer paychecks to be deposited electronically. |
| Point of Sale | Transactions using an ATM card are now possible at gas stations, supermarkets, retail stores, and restaurants. |
| Debit Cards | Will reduce/eliminate the need for checkbooks. |
| Electronic Money | Customer pays face value for a programmed plastic card worth a certain amount of money. |
| Automated Clearinghouse | Electronically transfer funds between accounts in different banks. |
| Restrictive Endorsement | Limits further use of the check & usually includes "For deposit only" and the signature of the endorser. |
| Special/full Endorsement | Transfer payment to another party & usually includes the words "Pay to the Order of" and the new payee's name, followed by the endorser's signature. |
