Module 6 Lesson 2

Front

A ______________________ is an institution for saving, storing, and loaning money

Back

bank

Front

What is the Federal Reserve?

Back

The Central Bank of the United States

Front

non-profits are ___________________ that operate to break even with their expenses; they do not make a profit

Back

organizations

Front

Wall Street- is the home of the ________________________________

Back

stock market

Front

What is a commercial bank?

Back

A financial institution that operates to make a profit and usually has higher fees and lower interest than other types of banks.

Front

What is a credit union?

Back

A type of financial institution that is owned by the members and does not operate for a profit.

Front

What is a certificate of deposit?

Back

Money deposited in a bank for a specific amount of time

Front

What is collateral?

Back

Property used to secure a loan

Front

What is a money market account?

Back

A type of savings account that yields higher interest but usually requires a minimum balance.

Front

What is a savings and loan association?

Back

A type of financial institution that started with members contributing funds for individuals to borrow to build homes