Banking

3. Are owned by shareholders and operate for a profit
6. Allow individuals to borrow money from a bank
8. Allow a business to borrow money for business purposes
9. any quotation supplied to the Lender by a Reference Bank
10. Vary based on the type of account and institution, however typically range from .01 percent to 2 percent annually
12. Federal Deposit Insurance Corporation
13. automatic teller machine
14. electronic banking system which allows customers to conduct financial transactions via the Internet
16. Allow banks to manage and protect an account on behalf of a beneficiary
18. Allow bank customers to draw money directly from their checking account
19. Have the main function of receiving, transferring and lending money to individuals, businesses and government

1. electronic banking terminal which allows customers to complete basic transactions, such as deposits and withdrawals, to manage their money
2. available for customers to have their paycheck or other payments deposited directly into their account
4. Are for-profit organizations regulated by the federal deposit insurance corporation
5. Assist individuals in buying and selling securities among investors – conducting the transactions on the behalf of a client
7. Provides automatic teller, direct deposit,and online banking services
10. Can be earned on the balance held in any bank account
11. Provide financial coverage to protect individuals or organizations against possible adverse events in exchange for premium payments – adverse events such as loss, damage or injury
15. Offer many of the same services as banks
17. Allow consumers to borrow money from a financial institution up to a certain limi