Money Matters

4. allows customer to draw money firectly from their checking accounts
5. are owned by shareholders and operate for a profit
6. allows customers to pay bills or transfer money between accounts over the phone
7. to manage their money
8. given by a financial institution for the purcase or a vehicle
12. line of credit issued to customers to cover checks or debits exceeding the amount in their account
14. allows consumers to borrow money from a financial institution up to a certian limit
18. offer many of the same services as banks
19. choosing a loan which will cost less in the long run
20. Gives customers the ability to manage money online with a moble device or computer
21. allow banks to manage and protect an account on behalf or a beneficiary

1. Derive their profit from commisions on orders given – collecting a percentage of the value of each transaction
2. s important for individuals, businesses and institutions in order to protect cash, credit and assets
3. evaluating what an individual can afford based on personal budget
9. can be earned on the balance held in any bank account
10. for 2 or more account holders
11. choosing a shorter loan term typically provides lower overall interest
13. form of online payment where money is electronically
15. electronic banking terminal which allows customers to complete basic transactions, such as deposits and
16. for business owners
17. choosing a loan with the least amount of money owed over the entire term, if affordable, is smart