Miscellaneous Quiz / Banking & Financial Systems

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Can you name the Banking & Financial Systems Terms??

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DefenitionTerm
What does ATM stand for?
FOMC stands for?
Those that obtain funds from the public and use them to finance their business
Are there more or less commercial banks today than 20 years ago?
anything of value
An insurance copmany is a ________ intermediary.
A banks liabilites exceed its _______.
The central bank of the United States
DefenitionTerm
credit, debit, or other types of cards that have embedded microchips
Four main functions of a bank
Revenue-Cost=
The difference between what a bank pays in interest and what it receives in interest
An agreed-upon system for measuring value of goods and services
Loosening of government control
a cash obligation

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