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Compound interest A. Funds held in this type of account (also called a checking account) must be honored, or paid, by the depository institution immediately

Compound interest A. Funds held in this type of account (also called a checking account) must be honored, or paid, by the depository institution immediately upon demand by the account holder.
Demand deposit B. This is a deposit held in a financial institution for which funds are deposited for periods longer than demand deposits.
Overdraft C. This is the technical name of the condition that results when an account holder bounces a check.
Account reconciliation D. This is the term applied to the normal, day-to-day administration of an individuals or familys cash and near-cash, or liquid assets.
Cash management E. This is the process of verifying accuracy by comparing the balance on the check register, or ledger with the balance on the banks statements.
Deposit insurance F. This is the name given to interest that is paid only on an investors initial investment and not on any previously earned interest.
Cashiers check G. This is the name applied to interest earned on the sum of the initial deposit and interest earned in prior periods.
Time deposit H. These financial institutions accept checking and savings deposits from individuals and business, and include commercial banks, savings banks, and credit unions.
Simple interest I. This form of check also often called a bankers check payable to a third party is drawn by the banks own funds in exchange for the amount specified in the check, plus, in most cases, a service fee.
Depository institution J. In this program, the insuring agency guarantees the safety of the account holders total deposits up to specified amount.

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