Banking today Lesson

A form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual

A form of business organization where the owner is personally liable for all debts

A form of business organization that does not have the right to enter into legal contracts

A form of business organization that cannot be sued

A. A loan given to a corporation

B. A certificate of ownership in a corporation

C. A type of bond issued by a corporation

D. A form of corporate tax

A. A person who lends money to a corporation

B. A person who owns a share or shares of stock in a corporation

C. A person who manages the corporation

D. A person who audits the corporation's finances

A bank that receives its charter from the federal government

A bank that receives its charter from the state in which it operates

A bank that operates internationally

A bank that does not accept deposits

A receipt showing that an investor has made an interest-bearing loan to a financial institution

A document showing ownership of a company's stock

A certificate for a bank's savings account

A bond issued by the government

To determine the amount of money a bank can lend

To compute the amount of a depository institution’s required reserves

To calculate the interest rate for loans

To set the maximum deposit limit for customers

A card that allows borrowing money directly from the bank

A card similar to a credit card but with a built-in microprocessor

A system that uses computer and electronic technology in place of paper transactions

A card used only for online purchases

Borrowing money directly from the bank

A card similar to a credit card but with a built-in microprocessor

Any system that uses computer and electronic technology in place of paper transactions

A method of depositing physical checks