Banks, Banking and Money Management

An outstanding check is one ___.

A charge for using a debit card

The debts you owe

For-profit institutions that are owned by stockholders

If you 'opt-in' to overdraft protection, the bank will automatically cover you and charge a fee

Lunches, medical bills and personal care items are examples of ___.

The following is an example of a

Non-profit institutions owned by members and organized for their benefit

A fixed amount of income that comes at the same time each month is called ___.

In order to deal with inflation, the Fed may __.

___ is a sustained increase in the geveral price level of goods and services in an economy.

The __ rate is the basis for rates offered to a bank's BEST customers

The total amount of money an employee earns in a pay period.

Institutions can pay higher interest rates for money market accounts

Cash and items that can be quickly converted to cash without a loss in value

The __ rate is set by the Federal Reserve

Deposits in these institutions (up to $250,000) are insured by the NCUA

Financial goals should be realistic, specific and measurable

A charge if you deposit a check that is returned for insufficient funds

This type of account is also known as a 'time deposit'

Savings accounts  __

A charge for not meeting certain requirements like minimum balance or writing too many checks

The Federal Reserve ___.

Before you open an account with a bank, you should consider __.

A charge for purchasing checks

This type of account is the MOST liquid type of account

Deposits in these institutions (up to $250,000) are insured by the FDIC

Which of the following is NOT a characteristic of money?

Money left over after taxes and other deductions

Special options that are more expensive than their alternatives