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Chapter 5 Banking

Horizontales
Savings account that requires a minimum balance and earns interest that varies from month to month. You can write a limited number of checks on MM accounts.
Report that accounts for the differences between the bank statement and a checkbook balance.
Cash card that allows you to withdraw money or pay for purchases from your checking or savings account.
Savings alternative in which money is left on deposit for a stated period of time called the term. The money is not available until the maturity date.
Computer terminal that allows withdrawal of cash from an account.
Is the percentage of increase in the value of your savings from earned interest.
Financial institution that specialized in savings accounts and mortgages but offers services similar to commercial bank now
Process in which interest is earned on both the principal and previously earned interest
Verticales
Is the amount of interest that a $100 deposit would earn after compounding for one year. (APY)
Automatic loan made to an account if the balance will not cover checks written.
Request that a bank or other financial institution NOT cash a particular check.
Automatic deposit of net pay to an employee's designated bank account.
For-profit institution that offers a full range of financial services: checking, savings, and lending.
Signature of the payee, the party to whom the check has been written.
Nonprofit financial institution that is owned by its members and organized for their benefit.