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12 Cards in this Set
- Front
- Back
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Cash Management |
day-today administration of cash |
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Commercial Banks |
Most popular Offer product and services Lower service fees and higher interest rates non-interest paying checking accounts9demand deposits) |
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Savings and loans Associations
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Channels savings primarily into mortgage loans interest paying check accounts
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Credit union |
To a common people (FCU)
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Share draft accounts |
Interest paying checking accounts (Credit Unions) |
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Truth-in-savings Act |
help consumers evaluate terms of banking products (APY) |
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demand deposit |
Commercial banks refer to their checking accounts as this |
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Time Deposits |
Expected to remain on deposit for longer periods of time than demand deposits. |
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Negotiable order of withdrawal |
checking account with a financial institution that pays interest and normally and normally has a minimum balance requirement |
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Money Market deposit Account |
higher interest federal savings
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Money Market mutual funds |
pools small investors to purchase high return marketable securities. |
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asset management account |
combined checking investing and borrowing activities and is offered primarily by brokerage houses and mutual finds |
