| A | B |
|---|
| lending | Banks are prohibited from ____________ all of the money they receive from customers |
| $50 | If you lose your debit card, your liability for unauthorized use is only $_______if you notify your financial institution within two days of the loss. |
| prepaid | THIS type of debit card has to be preloaded with money |
| canceled | THIS check is a check that has been paid by the bank |
| $250,000 | Except for some retirement accounts, the FDIC insures all accounts in the same name at each bank up to THIS amount |
| cryptocurrencies | THIS is NOT guaranteed by the Federal Reserve system. |
| safe deposit box | You can store valuables at a bank by purchasing the use of THIS |
| interest-earning | THIS type of checking account usually earns interest only if the account stays above the required amount. |
| debit | THIS type of card can be used for ATM transactions. |
| automatic bill | With THIS type of payment,the bank deducts payments from your account and transfers them to the appropriate companies. |
| bank account | When you use a debit card in a store or restaurant the amount of the purchase is deducted from your bank account. |
| deposit slip | When you put money into your checking account, you will fill out THIS |
| restrictive | The type of endorsement when you write “For deposit only” above your signature |
| payee | The person to whom a check is written |
| certified check | A personal check for which a bank has guaranteed payment i |
| high | The cost of services at a check-cashing outlet are often extremely _______ |
| Federal Reserve System | supervises and regulates member banks and helps banks serve the public efficiently. |
| full-service | Commercial banks are often called ____________________- banks because they offer a wide range of financial services |
| pawnshop | makes loans based on the value of some tangible object, such as jewelry or other valuable items |
| Federal Deposit Corporation | protects depositors’ money in case of the failure of a bank or financial institution it regulates. |
| Electronic Funds Transfer | has expanded from activity between banks to include online banking and apps for consumers and other electronic banking services |
| a trust | When customers ask banks to manage investments on their behalf, the money or property that is turned over for the bank to manage is THIS |
| service fee | A bank charges THIS for handling many checking accounts. |
| activity | If you write only a few checks each month, you should consider THIS type of checking account |
| ponit-of-sale | In THIS type of transaction, a merchant accepts a debit card to pay for purchases. |
| endorsement | written evidence that you received payment or that you transferred your right of receiving payment to someone else |
| check register | THIS is a separate book, usually the same size as your checkbook, in which you can record account activities. |
| stop payment | THIS is order is a written notice that tells the bank not to pay a certain check. |
| oustanding | Checks that have not yet been deducted from your bank statement balance |
| credit union | A user-owned, not-for-profit cooperative financial institution |
