| A | B |
|---|
| Depository | Earns money by accepting deposits from customers |
| Credit Union | Example of a Depository Institution |
| Nondepository | Earns money by selling services like policies and investments |
| Investment Companies | Example of non-depository institution |
| Services | Offers like savings, credit cards, safe deposit boxes, etc. |
| Safety | A feature of banks that carry FDIC insurance |
| Convenience | Given the access you need to your money |
| Fees | Costs of the services financial institutions offer |
| Restrictions | Things like minimum balances that are required |
| Checking | Most common account used to make payments |
| endorsement | Allows payee to cash or deposit check |
| Blank | Type of endorsement that is least secure |
| Special | Type of endorsement that transfers payment of check to someone else |
| Restrictive | Type of endorsement that limits check to deposit only |
| Signing | The last step in writing a check is ________ the check |
| register | First step in writing a check is to record information in check _____ |
| reconciliation | Process of making check register and bank statement balance |
| outstanding | Type of check that has not been deducted from bank statement balance yet |
| Reserve | The Federal _________ is a centralized banking system |
| supervise | One role of Federal Reserve is to __________ banks |
| mergers | The Federal Reserve approves the __________ of 2 banks as an example of one of their services. |
| open | The Federal Reserve supplies the monetary system with money. This is an example of participating in ____ market activities. |
| clearinghouse | The service that the Federal Reserve is offering when it aids in transferring funds between banks in MC and NJ |
