POB 4.02 - Financial Institutions

Match it! Select the correct answer from the pull down...Good luck!

The Federal Reserve System approved the merger of Wachovia Bank and Wells Fargo Bank. This is an example of which service of the Federal Reserve System?

Direct Finance Company's primary function is to use its own money instead of customers' savings to provide loans to other businesses. This is an example of which type of financial institution?

Which is the FIRST step in opening a checking account?

Jennifer prefers a financial institution that will meet her business needs such as access to checking options, credit cards, and loans. Which characteristic(s) of financial institutions does she prefer?

James received a $100 check. He wants to endorse this check over to Steve. Which type of endorsement should James use?

Todd gave Intrek Computer Services a personal check for which his bank guaranteed payment. This is an example of which type of payment service?

Southern Life Insurance Company makes money on selling specific services such as policies instead of retaining their customers money. This is an example of which type of financial institution?

Mary is writing a company check, and has just completed writing the purpose of the check. What should she do NEXT?