ch12 - ch12 Student: _ 1. A(n) _ requires the bank to honor...

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ch12 Student: ___________________________________________________________________________ 1. A(n) _________________________ requires the bank to honor withdrawals immediately upon request. ________________________________________ 2. A(n) _________________________ is an interest bearing checking account and gives the bank the right to insist on prior notice before customer withdrawals can be honored. ________________________________________ 3. A(n) _________________________ is a short-maturity deposit which pays a competitive interest rate. Only 6 preauthorized drafts per month are allowed and only 3 of these can be by check. ________________________________________ 4. _________________________ are designed to attract funds from customers who wish to set aside money in anticipation of future expenditures or financial emergencies. ________________________________________ 5. _________________________ are the stable base of deposited funds that are not highly sensitive to movements in market interest rates and tend to remain with a depository institution. ________________________________________ 6. Some people feel that everyone is entitled access to a minimum level of financial service no matter their income level. This issue is called the issue of _________________________. ________________________________________ 7. _________________________ is a way of pricing deposit services in which the rate or return or fees charged on the deposit account are based on the cost of offering the service plus a profit margin. ________________________________________ 8. When financial institutions tempt customers by paying postage both ways in bank-by-mail services or by offering free gifts such as teddy bears, they are practicing ___________. ________________________________________ 9. The _________________________is the added cost of bringing in new funds. ________________________________________ 10. _________________________ pricing is where the financial institution sets up a schedule of fees in which the customer pays a low or no fee if the deposit balance stays above some minimum level and pays a higher fee if the balance declines below that minimum level. ________________________________________ 1
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11. When a customer is charged a fixed charge per check this is called __________________ pricing. ________________________________________ 12. When a customer is charged based on the number and kinds of services used, with the customers that use a number of services being charged less or having some fees waived, this is called __________________ pricing. ________________________________________ 13. _________________________ is part of the new technology for processing checks where the bank takes a picture of the back and the front of the original check and which can now be processed as if they were the original. ________________________________________ 14. A(n) _________________________ is a thrift account which carries a fixed maturity date and generally
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This note was uploaded on 11/17/2008 for the course FINA 4443 taught by Professor Mattews during the Fall '08 term at Texas A&M.

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ch12 - ch12 Student: _ 1. A(n) _ requires the bank to honor...

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