Objectives Related to Banks

Front

Objective related to banks for a small business:

Back

Define the purpose of a bank.

Front

Objective involving understanding different types and functions in financial institutions.

Back

Identify the types and functions of banks.

Front

What is the objective related to comparing different types of banks?

Back

Explain the difference between a local commercial bank and the central bank.

Front

What is a bank?

Back

A financial intermediary

Front

What role does the bank play when Maria wants to buy a car and needs a loan?

Back

An entity that acts as the middleman between two parties in a financial transaction

Front

What is the fee Maria pays Cole for using his money?

Back

A fee paid to use someone else's money

Front

What type of banks should Jose consider for his small business that deal with everyday consumers and businesses?

Back

Commercial banks

Front

Type of financial institution formed by groups with a common interest or profession.

Back

Credit unions

Front

What type of bank allows all transactions electronically using a computer or mobile device?

Back

Online banks

Front

Which organization insures banking customers against loss for up to $250,000?

Back

Federal Deposit Insurance Corporation (FDIC)