

Module 6 - Banking Review (1)
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
A business or financial institution that stores and manages money for individuals and other businesses.
Back
Bank
2.
FLASHCARD QUESTION
Front
A card linked to a bank account that you use like cash; there must be enough money in the account to cover your purchases.
Back
Debit Card
3.
FLASHCARD QUESTION
Front
Non-Profit banks that are owned by the customers.
Back
Credit Union
4.
FLASHCARD QUESTION
Front
Funds transferred from one account to different account using online banking software or a debit card.
Back
Electronic Funds Transfer (EFT)
5.
FLASHCARD QUESTION
Front
The government agency that insures customer deposits if a bank fails.
Back
Federal Deposit Insurance Corporation (FDIC)
6.
FLASHCARD QUESTION
Front
How many Regional Reserve Banks are there?
Back
12
7.
FLASHCARD QUESTION
Front
Who regulates and supervises your local banks?
Back
"The Fed" - Federal Reserve
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