Least important part of a check |
Memo line |
Not a responsibility of the federal reserve |
Establishing the federal budget |
Savings accounts usually offer _________ interest rates than checking accounts. It is _________ to access your money in a savings account than in a checking account. |
higher harder |
Purpose of balancing or monitoring your checking account |
To help you calculate how much money you have in your account |
Unique features of a credit union |
typically owned and run by their members, limit membership to certain people or groups |
Primary goal of the Federal Reserve system is |
maintain a safe/stable banking system |
FDIC-insured accounts |
Insures deposits of up to $250,000 per person per bank |
If you need to set up direct deposit ,which information from your check would you likely need |
routing number |
Best strategy for avoiding ATM fees |
only use ATM's in your bank's network |
Type of account is usually the MOST liquid |
checking account |
Three parts of the Federal Reserve System |
Reserve Banks,Federal Open Market Committee (FOMC),and board of governors |
Typical account fees |
ATM , service, minimum balance |
Best way to ensure accuracy and safety of your account |
monitor online accounts regularly |