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Financial InstitutionsFinancial Institutionsand Servicesand Servicescommercial bank

Federal Deposit

Insurance

Corporation

(FDIC)

savings and loan

association

credit union

National Credit Union

Administration

(NCUA)mutual savings bank

electronic funds

transfer ( EFT)

automated teller

machine (ATM)

ATM card

endorse

bank statement

cashiers check

certified check

money order

travelers checks

After studying this chapter,you will be able to

identify different types of financial institutions.

select the financial services that will best meet

your needs.

use ATM and debit cards responsibly.

manage a personal checking account.

write and endorse checks correctly.

calculate a checkbook balance.

8Reading for

MeaningAfter reading the chapter, outline thekey points and compare your outline tothe text. This will help you retain whatyou have read and identify what needsto be read again.

Central IdeasCentral Ideas Financial institutions are vital to the economy because they make

financial transactions possible.

A checking account is a basic tool to help you manage your financialresources.

This sample chapter is for review purposes only. Copyright The Goodheart-Willcox Co., Inc. All rights reserved.

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