Title: Identify basic banking services for individuals and businesses.
Course: Principles of Business and Marketing (12051-18) > Section: Exploring Financial Concepts

Identification of basic banking services may include

- managing depositor accounts (e.g., checking, savings, credit card, student accounts)
- accepting deposits
- handling withdrawals
- offering convenient alternatives to checking (e.g., automated teller machine [ATM], electronic funds transfer [EFT], debit card)
- lending money
- storing valuables
- providing access to financial advice
- providing access to investment services (e.g., certificate of deposit [CD], individual retirement account [IRA], stocks, bonds, mutual funds)
- providing depositor protection (e.g., Federal Deposit Insurance Corporation [FDIC], National Credit Union Administration [NCUA], Federal Reserve System).