21 vocabulary words

3. reseve system, the central bank of United States
5. deposit, the electronic transfer of a payment directly from the payer's bank account to that of a party being payed
7. institution, a firm that manages money
10. companies, provide loans specifically for buying a home or business
12. standard of value and a means of exchange or payment
14. firms, sell stocks and bunds and may also offer a wide range of financial services to their customer
16. funds set aside for emergencies such as rush of withdrawals
17. the money taken out of the bank
18. companies, not onlyprovide protection against problems such as fire and theft but also offer loans to people
20. goods pledge by borrower to use as security against a loan if its not repaid

1. a rate that the bank pays customers for keeping their money
2. Funds Transfer, allows money to be transferred from one bank account to another through network of computers
4. loans associations, financial institutions that hold customers funds in interest barring accounts and invest mainly in mortgage loans
5. the money you put in a bank
6. box, a secur ebox in a bank's vault used for the storgae of a customer's valuables
8. banks, offer the entire range of banking services such as checking and savings account, loans, and financial advice
9. system, a system in which goods and services are directly exchange using money
11. an agreement in which a borrower gives a lender the right to take the property if the loan is not repaid
13. unions, not for profit banks and is set up by organnizations
15. companies, offer short term loans to businesses and consumers but at much higher interest rates than banks charge
19. account, a record of the amount of money a customer has deposited or withdrawed from a bank