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

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Chapter 17

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

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