Third-party unintended consequences.

Product with a lifespan of less than three years.

The fee a bank charges if someone spends more money than is in their bank account

Rate paid or charged for use of money

the general rise of prices

The rate an investment is expected to earn, after inflation

Calculating interest earned based on original deposited amount plus interest already earned

An account at a financial institution that allows easy access to an individual’s funds through a debit card or checks.

An account that has limited access, but you gain interest from the bank for keeping your money in the account.

A savings account that offers a higher rate of return in exchange for deposits that are larger than normal

A savings note issued by a bank to a depositor who places funds in savings for a set period

A credit union is a Non-Profit organization that only allows people to join if they meet the requirements.

A for-profit company that provides banking services to individuals and small businesses.

An online bank is a physical branch of a traditional bank.

An online bank only accepts cash deposits.

An online bank does not provide any financial services.

A bank that operates solely over the internet.

The nine digit number that indicates which financial institution is responsible for making a payment

The number that references a specific individual’s account

A certain amount of money a bank requires a person to keep in their account in order to receive banking services.

The central banking system for the United States

Private organization that provides business standards for companies and allows consumers to file complaints against businesses that defraud the public

Government agency that provides information, assistance, and protection to consumers regarding financial law dealing mainly with financial institutions

Government agency that helps protect consumers from fraud and scams by ensuring businesses are acting lawfully

Government agencies protecting consumer deposits up to $250,000 per commercial bank/credit union.

Part of the U.S. Treasury ensuring all U.S. financial institutions follow banking laws and regulations.

The central banking system for the United States.

Private organization that provides business standards for companies and allows consumers to file complaints against businesses that defraud the public.

Private organization that provides business standards for companies and allows consumers to file complaints against businesses that defraud the public.

Government agency that helps protect consumers from fraud and scams by ensuring businesses are acting lawfully.

Government agencies protecting consumer deposits up to $250,000 per commercial bank/credit union

Being a Private organization that provides business standards for companies and allows consumers to file complaints against businesses that defraud the public

Being part of the U.S. Treasury ensuring all U.S. financial institutions follow banking laws and regulations

Overseeing environmental protection agencies government agency that helps protect consumers from fraud and scams by ensuring businesses are acting lawfully

Being a government agency that provides information, assistance, and protection to consumers regarding financial law dealing mainly with financial institutions

Being part of the U.S. Treasury ensuring all U.S. financial institutions follow banking laws and regulations.

Being a private organization that provides business standards for companies and allows consumers to file complaints against businesses that defraud the public

Future value = Principal x interest rate x number of time periods

FV = I x (1 + R)^T

Future Value = Investment x (1 + Rate of Interest)^{Time of Investment}