Which of the following are financial institutions?

Which services is a bank likely to offer?

When depositing money into an account, it is important to:

The amount left over from your paycheck AFTER taxes and deductions is called:

You can continue to write checks as long as you have checks in your checkbook.

All bank transactions should be recorded in the register.

A direct deposit is when you take your paycheck directly to the bank after you receive it.

Credit cards and debit cards are essentially the same thing.

Bills and coins created by the government.

A written order to a bank to pay money from a bank account to a person or business.

A plastic card that provides electronic access to a personal bank account. It and the similar ATM card can be used to complete bank transactions much like a check.

A card that allows the holder to buy goods and services by taking out a bank loan for the purchases.

A card that is purchased in a specific monetary value and used like cash to purchase goods and services.

A card that allows you to spend only the amount you have pre-deposited into that account.

A for profit buisiness that is approved and backed by the federal government. These institutions receive money from business, pay interest, make loans, invest in securities, collect checks, and keep safe deposit boxes.

A not for profit business owned by its members. These institutions serve groups that share something in common, such as where they live or work. Profits are paid back to the members. Services may be limited.

These institutions focus on estate financing. They are backed by the government and run by a board of directors. When making a deposit it is like you are investing in the business.

customers can access their money using mobile apps, telephone, web pages, and ATMs. There are no local branches or walk-up tellers. Fees at these banks are minimal and interest rates paid are often higher.

The amount of money an employee earns BEFORE any taxes or other deductions are subtracted.

The amount of money an employee receives AFTER TAXES and other deductions are taken from a paycheck.

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