Economics Chapter 16

a check endorsement that transfers title to anyone holding the check

a check endorsement that restricts how funds are to be used

the movement of money electronically

an arrangement whereby a paycheck or other regular source of income is automatically put into one’s checking account

a business that mainly provides home mortgages

a business that provides both individuals and business firms with checking accounts and loans

money that a bank has on hand to use

the percentage of deposits a bank is required by law to hold to meet withdrawal demands

a savings institution owned by depositors

the bank on which a check is drawn