| A | B |
|---|
| Electronic funds Transfer (EFT) | assists customers with money management by providing for automatic deposits and payments. |
| A Super NOW | checking account would be the best for Juanita, who keeps a balance over $1,500 and is interested in a credit/debit card and wants to earn interest on her account. |
| The Federal Reserve supervises banks | by: accepting deposits of member banks, approves bank mergers, and by inspecting banks yearly. It does not lend money to individual consumers. |
| Trust management | is the commercial bank service that assists consumers by managing investments on behalf of the young and elderly. |
| The paper currency | supplied by the Federal Reserve is called Federal Reserve Notes. |
| The banking technology that allows funds to move electronically from one account or bank to another is | Electronic Funds Transfer. |
| Checking accounts provided by commercial banks | do NOT assist consumers in managing money be allowing for unlimited withdrawals. |
| A DISADVANTAGE | of on-line banking is that account security could be a problem. |
| A DISADVANTAGE of banking at home | is that the security of customer accounts can be a problem. |
| The automated clearing house | uses EFT (Electronic Funds Transfer) technology. |
| Interest is not a fee | charged by banks for checking accounts. |
| Checking accounts for high school and college students | are offered by many banks. |
| Commercial bank services that assist a consumer in planning for future financial needs | do not include automated teller machines. |
| Federal Reserve Notes | are printed by the Bureau of Printing and Engraving. |
| ATMs (Automated Teller Machines) | cannot eliminate the need for banks. |
| All national banks | are required to join the Federal Reserve System. |
| A lower discount rate | increase funds available to customers. |
| The last step in writing a check is | to sign the check. |
| Commercial bank services that assist a consumer in planning for future | by accepting deposits. |
| Commercial bank services that assist a consumer in planning for future by offering | financial planning. |
