BANKING PROCEDURES AND SERVICES

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Across
  1. 4. WRITTEN TO A SPECIFIC PAYEE BUT CHARGED AGAINST BANK NOT YOUR ACCOUNT
  2. 5. SUSTAINED INCREASE IN GENERAL LEVEL OF PRICES
  3. 9. US AGENCY PROVIDING INSURANCE ON BANK DEPOSITS
  4. 10. PROVIDE CERTAIN FINANCIAL SERVICES BUT DON'T ACCEPT TRADITIONAL DEPOSITS
  5. 11. CENTRAL BANK OF US
  6. 13. AUTHORIZE SOMEONE TO ACCESS ACCOUNT FOR PAYMENT OR DEPOSIT
  7. 16. PERSON WRITING THE CHECK
  8. 17. MONEY CURRENTLY USED IN US NO INHERENT PHYSICAL VALUE; VALUE COMES FROM GOVERNMENT ORDERS IT ACCEPTED AS PAYMENT
  9. 18. WRITTEN BY LARGE FINANCIAL INSTITUTION WITH NO PAYEE SPECIFIED
  10. 19. SIMILAR TO CASHIER'S CHECKS PURCHASED FOR CASH SO RECIPIENT CAN TRUST VALUE
  11. 21. ENSURING NO INFLATION OR DEFLATION
  12. 23. CAN DEPOSIT AND WITHDRAW MONEY BY WRITING CHECKS OR USING DEBIT CARD
  13. 24. LIKE CHECKING ACCOUNT EXCEPT THEY PAY INTEREST ON THE ACCOUNT BALANCE
  14. 25. YOU AUTHORIZE SOMEONE TO TAKE MONEY FROM YOUR ACCOUNT AUTOMATICALLY TO PAY FINANCIAL OBLIGATION
Down
  1. 1. US AGENCY PROVIDING INSURANCE ON CREDIT UNION DEPOSITS
  2. 2. SIMILAR TO BANK BUT HAS NONPROFIT STATUS AND OWNED BY MEMBERS
  3. 3. ENABLES YOU TO WITHDRAW CASH OR PAY DIRECTLY FOR GOODS AND SERVICES
  4. 6. PROVIDE TRADITIONAL CHECKING/SAVINGS ACCOUNTS AND LOANS TO INDIVIDUALS AND BUSINESSES
  5. 7. LEDGER TO TRACK ACCOUNT ACTIVITY AND BALANCE
  6. 8. WRITTEN ORDER TO PAY MONEY FROM YOUR ACCOUNT TO ANOTHER PARTY
  7. 12. MAIN TOOL FOR FIGHTING INFLATION INVOLVES RAISING AND LOWERING MONEY SUPPLY
  8. 14. PLACE TO STORE VALUABLES IN BANK VAULT
  9. 15. TO WHOM THE CHECK IS WRITTEN; WILL RECEIVE PAYMENT
  10. 20. SUSTAINED DECREASE IN GENERAL LEVEL OF PRICES
  11. 22. WRITTEN ON ACCOUNT AND VERIFIED BY THE BANK