BF Chapter 8 Vocab Review

Front

Electronic banking service machine, commonly called?

Back

Automatic Teller Machine (ATM)

Front

Loans to businesses for various needs.

Back

Commercial Lending

Front

Bank card for accessing funds from a checking account.

Back

Debit Card

Front

Organization of countries for regional economic development financing.

Back

Development Bank

Front

Rate charged by the FED on loans to member banks.

Back

Discount Rate

Front

A bank for banks that supervises and regulates member banks for public service efficiency.

Back

Federal Reserve System

Front

Agency promoting economic cooperation and orderly international trade.

Back

International Monetary Fund (IMF)

Front

Secured postal box for customer payments.

Back

Lock Box

Front

Buying and selling government securities.

Back

Open Market Operations (OMO)

Front

Percentage of fund a bank must hold.

Back

Reserve Requirements