Business Finance Chapter 4 Vocabulary

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Across
  1. 3. electronic banking service machine, more commonly called a cash machine
  2. 6. an organization of several countries created to provide financing for economic development to countries in a region
  3. 7. the legal agreement for one party to control property for the benefit of another
  4. 10. type of sale in which merchants accept debit cards to pay for purchases
  5. 12. the process of buying and selling government securities
  6. 17. a type of financial institution offering a complete range of services
  7. 18. bank card that allows user to obtain or use money from a checking account
  8. 20. paying checks among different banks in different cities
Down
  1. 1. boxes in well-guarded bank vaults, used by customers to store valuable objects and documents
  2. 2. a secured postal box used to receive customer payments
  3. 4. an agency that helps promote economic cooperation by maintaining an orderly system of international trade and exchange rates
  4. 5. the rate the Fed charges on loans to member banks
  5. 8. the percentage of funds that a bank is required to hold
  6. 9. International Bank for Reconstruction and Development; created in 1944 to provide loans for rebuilding after World War II
  7. 11. a Federal Reserve Bank; one of which is located in each Federal Reserve district
  8. 13. the use of computers and other technology for banking activities
  9. 14. a bank for banks; created to supervise and regulate member banks to help them serve the public efficiently
  10. 15. loans to business enterprises for various company needs
  11. 16. funds for paychecks and government payments are deposited electronically into specified customer accounts and are available automatically
  12. 19. that belong to the Federal Reserve System