1. Mitch
Chapter 17

2. Federal reserve system
Supervises and regulates member banks and to help banks
serve the publicefficiency
5 is in NC

3. Banking system
Build homes
Start new businesses
Plant crops
Finance education
Buy goods

4. Banks
Commercial
Full service
Wide range of financial services.
Credit union
User owned
Nonprofit
Cooperative financial institution.

5. banks
Wachovia
Suntrust
Bank of america
BB&T

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. Automatic bill payment
Is when a bank customer authorizes preset amounts spent
every month

8. Bank fees
unauthorised overdraft fees; ATM usage fees; fees for having
an account balance under the required amount