Match #s and letters?

1 Funds cannot be removed from this savings account until the end of a certain period of time


2 A type of loan used to buy real estate


3 The amount borrowed in a loan


4 The largest source of income for banks


5 Provide the most services and play the largest role in the economy of all types of lending institutions


6 Requires customers to use a PIN


7 Institutions that give installment loans to consumers


8 A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day


9 Type of bank which originally introduced NOW accounts


10 A banking system that only keeps a portion of the funds on hand and loans out the remainder








A. Fractional Reserve Banking


B. Principal


C. Automated Teller Machine


D. Debit Card


E. Commercial Banks


F. Savings Banks


G. Federal Reserve System


H. Credit Cards


I. Default


J. Stored Value Cards


K. Mortgage


L. Money Market Mutual Funds


M. Finance Companies|||1. L


2. K


3. B


4. I thought that interest charged on loans was the largest source of income for banks, but I guess the only two choices here would be either H or J.


5. G


6. D


7. M (the answer could also be E)


8. C


9. F


10.A|||Quit cheating