Sunday, December 4, 2011

Can someone please help me with economics? its matching? 10 pts?

please i am really stressing out. i am looking up the definitions in the book but i could only do a few i could only find some of them that match up, the rest dont. can anyone please help, seriously i am getting really frustrated. i will give 10 pts to anyone who can. thanks in advance and god bless :/





1. Funds cannot be removed from this savings account until the end of a certain period of time


2. The largest source of income for banks


3. Provide the most services and play the largest role in the economy of all types of lending


institutions


4. Requires customers to use a PIN


5. Institutions that give installment loans to consumers


6. A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day


7. Type of bank which originally introduced NOW accounts











Here are the choices:


C. Automated Teller Machine


D. Debit Card


E. Commercial Banks


F. Savings Banks


G. Federal Reserve System


H. Credit Cards


I. Default


J. Stored Value Cards


L. Money Market Mutual Funds


M. Finance Companies


N. Interest


O. Certificate of Deposit





if anyone can help you'd be a life saver, i'll be truly appreciative and happy to give 10 points. thanks in advance :)|||1. Funds cannot be removed from this savings account until the end of a certain period of time. O. Certificate of Deposit.

2. The largest source of income for banks. N. Interest (if by "interest" they mean interest paid by the public on loans and credit cards, rather than Interest paid by the banks to people with savings accounts.)

3. Provide the most services and play the largest role in the economy of all types of lending

institutions. E. Commercial Banks.

4. Requires customers to use a PIN. D. Debit Card. (Also C. Automated Teller Machine. if you're using a debit card).

5. Institutions that give installment loans to consumers. M. Finance Companies. (Actually, banks, credit unions, and savings %26amp; loan companies also give installment loans to consumers.)

6. A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day. C. Automated Teller Machine (You can also do these things online now 24 hours a day.)

7. Type of bank which originally introduced NOW accounts. F. Savings Banks.



Several of these are badly worded. You're just going to have to guess what the teacher meant.|||1o 4d

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