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Ch. 12 Matching - Types of Banks/Financial Services

AB
Often called full-service banks.Commercial banks
Originally set up to offer savings accts and home mortgage loans.Savings and Loans Associations
Non-profit banks set up for their members.Credit unions
Provide loans specifically for buying a home.Mortgage companies
Business loans at much higher interest rates.Finance companies
Business loans AND fire/theft protection.Insurance companies
Sell stocks, bonds and other financial services.Brokerage firms
Central banking organization in the U.S.Federal Reserve System
Managed by banks as inheritances.Trust funds
Storage for valuable items.Safety-deposit boxes


Ms Spatafora

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