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Chapter 4

Horizontales
Specially coded plastic cards used to transfer funds from a customer’s bank account to the recipient’s account to pay for goods or services.
offer several cash management options, including money market mutual funds that invest in short-term securities
Interest that is paid only on the initial amount of the deposit.
a comprehensive deposit account that combines checking, investing, and borrowing activities and is offered primarily by brokerage houses and mutual funds.
When interest earned in each subsequent period is determined by applying the nominal (stated) rate of interest to the sum of the initial deposit and the interest earned in each prior period.
A non-profit, member owned financial cooperation that provides a full range of financial products
Like stockbrokers, mutual fund companies offer money market mutual funds.
The routine day-to-day administration of cash and near cash resources.
Verticales
Commercial banks, savings and loan associations and credit unions
Amount of interest earned / Amount of money invested or deposited
Services available and fees depends upon type of account. Funds withdrawn by Writing a check Using a debit card Making a cash withdrawal
Remains on deposit for a longer time than a demand deposit, hence referred to as time deposits.
Such as stock brokerage firms or mutual funds
A remote computer terminal that customers of depository institutions can use to make basic transactions 24 hours a day, 7 days a week.