Banking Terms
Flashcard
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Business
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University
•
Practice Problem
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Medium
Madeleynne Rosas
Used 2+ times
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5 questions
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1.
FLASHCARD QUESTION
Front
Bank
Back
A financial institution that accepts deposits from the public and creates credit.
2.
FLASHCARD QUESTION
Front
Account
Back
An arrangement with a bank to hold and manage money.
3.
FLASHCARD QUESTION
Front
Saving account
Back
A bank account that earns interest on the deposited money.
4.
FLASHCARD QUESTION
Front
Bank account
Back
An account maintained by a financial institution for a customer.
5.
FLASHCARD QUESTION
Front
Checking Account
Back
A type of bank account designed for everyday transactions
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