click below
click below
Normal Size Small Size show me how
Budget & Finance
Banking and Money Management
Term | Definition |
---|---|
Commercial Bank | provide services such as checking and savings accounts, credit cards, and loans. |
Central Bank | government banks that manage and regulate the money supply and other banks. |
Depositors | individuals and businesses who place funds in a bank. |
FDIC | Federal Deposit Insurance Corporation - A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. |
Intermediaries | go between - middle man |
Depository Institution | Institution that obtain funds from the public and use them to finance the loans and investments that provide the majority of their income. |
Non-Depository Institution | Institutions that do not receive deposits but provide other financial services for a fee. |
Credit Union | a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. |
Investment Bank | a bank the purchases large holdings of newly issued shares and resells them to investors. |
Commercial Bank | a bank that offers services to the general public and to companies. |
Investment | the action or process of investing money for profit or material result. |
Loan | a sum of money that is expected to be paid back with interest. |
Federal Reserve | the "Central Bank" of the United States provides the nation with a safe, flexible, and stable monetary and financial system. |