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Chapter 17
1.
Mitch Chapter 17
2.
Federal reserve system Supervises
and regulates member banks and to help banks serve the publicefficiency 5 is in NC
3.
Banking system Build homes Start
new businesses Plant crops Finance education Buy goods
4.
Banks Commercial Full service Wide range
of financial services. Credit union User owned Nonprofit Cooperative financial institution.
5.
banks Wachovia Suntrust Bank of america BB&T
6.
EFT Electronic funds transfer
or EFT refers to the computer- based systems used to perform financial transactions electronically. The term is used for a number of different concepts
7.
Automatic bill payment Is
when a bank customer authorizes preset amounts spent every month
8.
Bank fees unauthorised overdraft
fees; ATM usage fees; fees for having an account balance under the required amount
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