| 1.bank
2.bank run
3.Central Bank
4.certificate of deposit (CD)
5.checking account
6.credit
7.credit card
8.creditor
9.debit
10.Federal reserve bank
11.fixed interest rate
12.interest
13.interest rate
14.interest rate ceiling
15.loan
16.merchant bank
17.money market account
18.mortgage
19.reserve requirements
20.saving account
21.thrift bank
22.variable interest rate
| a. a bank providing services for a country’s government and major commercial banks
b. A loan or mortgage with an interest rate that will remain at a certain rate for the entire term of the loan
c. A savings certificate entitling the bearer to receive interest. It bears a maturity date, a specified interest rate, and can be issued in any denomination. These certificates are generally issued by commercial banks.
d. A situation in which numerous bank customers try to withdraw their bank deposits simultaneously and the bank’s reserves are not sufficient to cover the withdrawals.
e. An interest rate that moves up and down based on the changes of an underlying interest rate index.
f. Requirements regarding the amount of funds that banks must hold in reserve against deposits made by customers. This money must be in the bank’s vaults or at the closest Federal Reserve Bank.
g. The banks that carry out Fed operations, including controlling the money supply and regulating member banks.
h. The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
i. A deposit account intended for funds that are expected to stay in short-term. Savings accounts offer lower returns than the market rates.
j. A deposit account intended for quick turnover. Checking accounts offer very low interest on unused cash balances.
k. A saving account that offers the competitive rate of interest in exchange for larger than normal deposits.
l. The monthly effective rate paid (or received if you are a creditor) on borrowed money. Expressed as a percentage of the sum borrowed.
m. The absolute maximum rate of interest that a financial institution can charge for an adjustable rate mortgage or loan.
n. An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the borrowed money along with interest, at a predetermined date in the future.
o. A loan secured by the collateral of some specified real estate property. In which the borrower is obligated to make a predetermined set of payments to repay the loan.
p. One who extends credit by giving a person or organization permission to borrow money if they promise to pay it back at a later date.
q. A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
r. A bank which deals mostly in (but is not limited to) international finance, long term loans to companies and underwriting. These banks do not provide normal banking services to the general public.
s. A bank whose main purpose is to take deposits from consumers and make home mortgages.
t. A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future.
u. An accounting entry which results in either an increase in assets or a decrease in liabilities or in your bank account.
v. A card allowing someone to make purchase on borrowed money.
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