Savings and loan associations traditionally specialized in making loans for home mortgages.

Clearing refers to the process of making payments among different banks.

Stored-value cards allow you to use money that is in your checking account.

Only you or the bank has the right to open your safe-deposit box.

An interest-earning checking account is probably the best choice for people who write only a few checks each month.

A commercial bank often is called a full-service bank.

Sometimes two or more people have a checking account together, called a joint account.

The owner of the account who signs the check is the drawer.

A signature card is a written notice that tells the bank not to pay a certain check.

The United States is divided into ___ Federal Reserve districts, with a central Federal Reserve bank in each district.

A user-owned, not-for-profit, cooperative financial institution is called a

Which of the following is a non-deposit financial institution?

They make loans based on the value of jewelry or some other valuable item.

Checking accounts and debit cards are examples of a financial institution’s

Money or other property that is turned over to a bank to manage for a customer is said to be held in

A merchant accepts debit cards to pay for purchases with

When you put money into a checking account, you fill out a

All of the following are good check-writing habits EXCEPT

A check that a bank draws on its own funds is called a

Refers to the process of making payments among different banks.

The part of the money deposited by customers that banks are required to deposit with the Federal Reserve System.

A savings bank owned by and operated for the benefit of its depositors.

When you use this card, you are borrowing from the bank to pay later.

An endorsement that consists of only the endorser’s name.

This is the most common way for a bank to be organized.

When you use this card, you are using money in your bank account.

An endorsement that allows you to transfer a check to another person.

A fee a bank charges for handling a checking account.

A prepaid card for phone service and other similar transactions.