Miscellaneous Quiz / Banking & Financial Systems

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Can you name the Banking & Financial Systems Terms??

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

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