Banking Basics

by Fischer, James

• ISBN13: 9781422218808
• ISBN10: 1422218805
• Format: Paperback
• Copyright: 2010-09-01
• Publisher: Mason Crest

Summary

Banks keep your money safe and offer an alternative to carrying piles of money around with you all the time.

Table of Contents

Introduction	p. 6
Why Do You Need a Bank Account?	p. 8
What Is a Bank?	p. 10
What Is Money?	p. 12
How Do Banks Work?	p. 14
How Did Banks Begin?	p. 16
Banking During the Middle Ages	p. 18
The History of Banking in the United States	p. 20
Modern Banks	p. 22
Checking Accounts	p. 24
What Happens When You Write a Check?	p. 26
What Are ATM & Debit Cards?	p. 28
What Is Electronic Banking?	p. 30
Balancing Your Checkbook	p. 32
What Happens If You Overdraw Your Account?	p. 34
Opening a Savings Account	p. 36
What Happens to Your Money After You Deposit it?	p. 38
How Do You Apply for a Loan?	p. 40
What Is Interest?	p. 42
Paying Off Your Loan	p. 44
What Is a Credit Rating & Why Does it Matter?	p. 46
Is the Money in Your Bank Account Safe from Thieves?	p. 48
What Is the FDIC?	p. 50
Do Banks Ever Fail?	p. 52
The Future of Banking	p. 54
Here's What You Need to Remember	p. 57
Words You Need to Know	p. 58
Further Reading	p. 60
Find Out More on the Internet	p. 61
Index	p. 62
Picture Credits	p. 63
About the Author and Consultant	p. 64
Table of Contents provided by Ingram. All Rights Reserved.