Economics of banking full summary: Book, Lectures, Tutorials Questions and Answers 2023

check routing number - -A group of numbers listed at the bottom of a check ; the first group is your routing number (bank ID number), the second is your account number and the third is your check number -ATM card - -A payment type similar to a debit card that allows you to make electronic purchases but requires that you enter a PIN (Personal Identification Number) for any transaction. -automatic bill payment service - -Represent money that you have authorized your bank or other organization to move from one account to another at regular intervals. -bank - -A legal process to get out of debt when you can no longer make all your required payments -bank statement - -A report of deposits, withdrawals, and bank balances sent to a depositor by a bank -bounced check - -A check written for an amount more than in your account -car loan - -A personal loan to purchase an automobile -cash loan - -A loan given to you in cash. -cashier's check - -A check drawn by a bank on its own funds and signed by an officer of the bank -certificate of deposit - -A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return. -certified check - -A personal check for which a bank has guaranteed payment -check cashing centers - -A business that will cash a check for a fee. -check cashing fee - -A fee that the bank will charge you when you deposit a check issued by a customer of another bank into your bank account -check fraud - -When a person writes or cashes a check without sufficient funds and is aware of it, (intends to defraud), what's the ch