Miss Dinnella Introduction to Business Chapter 12 Review
Define. Write the definition next to the word provided.
1. Money
2. Commercial Loan
3. Monetary System
4. Credit Union
5. Safe-Deposit Box
6. Financial Institutions
7. Bank Account
8. EFT
9. Direct Deposit
10. Collateral
11. Line of Credit
12. Federal Reserve System
13. Mortgage
Short Answer.
14. List and explain the characteristics of money.
Miss Dinnella Introduction to Business 15. List the six functions of the Federal Reserve. What is the purpose of the Federal
Reserve?
16. How is a credit union different from a commercial bank?
17. In the space below, create a drawing or diagram to illustrate the way commercial
banks make a profit. Hint. Textbook
18. List and explain two examples of other financial institutions, we discussed in
class.