Financial Institutions Review

In addition to making a profit, banks promote a strong and growing economy by:

Banks and credits union accounts are for the purpose of __________________.

A bank is a financial institution licensed to receive ___________ and make __________.

Bank service that allows your employer to send your paycheck directly to your bank account is?

The ________ insures credit union accounts.

Bank and credit union accounts are federally insured up to:

The US central bank, known as the federal reserve, has the goal of

The digital banking service that allows you to make payments via cell phone is?

The digital banking service that allows you to pay gas, electricity, and make loan payments is?

The type of bank account that pays the highest interest rate to the saver is?

Two ways to earn a higher interest rate on a CD are:

Which might you consider when opening a savings account?

Commercial/Retail banks Deal primarily with _______________ and small businesses.

The ________ insures bank accounts.

Bank profits are paid to:

Money kept in the bank is safer than money kept at home because

The frequency of compound interest that will earn you the most money on your savings account is

The digital banking service that allows you to deposit checks by taking a picture of it is?