Banking

2. Have the main function of receiving, transferring and lending money to individuals, businesses and government
5. Allow consumers to borrow money from a financial institution up to a certain limi
12. available for customers to have their paycheck or other payments deposited directly into their account
13. Federal Deposit Insurance Corporation
14. any quotation supplied to the Lender by a Reference Bank
15. automatic teller machine
16. electronic banking terminal which allows customers to complete basic transactions, such as deposits and withdrawals, to manage their money
18. Vary based on the type of account and institution, however typically range from .01 percent to 2 percent annually
19. Are owned by shareholders and operate for a profit
20. 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

1. Assist individuals in buying and selling securities among investors – conducting the transactions on the behalf of a client
3. Are for-profit organizations regulated by the federal deposit insurance corporation
4. Provides automatic teller, direct deposit,and online banking services
6. Allow a business to borrow money for business purposes
7. Allow banks to manage and protect an account on behalf of a beneficiary
8. Can be earned on the balance held in any bank account
9. Offer many of the same services as banks
10. Allow bank customers to draw money directly from their checking account
11. electronic banking system which allows customers to conduct financial transactions via the Internet
17. Allow individuals to borrow money from a bank