Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
Check clearing |
The process by which banks record whose account gives up money and whose account receives money when a customer writes a check |
|
Bank holding company |
A company that owns more than one bank |
|
Federal funds rate |
Interest rate banks charge each other for loans |
|
Discount rate |
Rate the Federal Reserve charges for loans to commercial banks |
|
Net worth |
Total asserts minus total liabilities |