What is a negotiable instrument drawn against deposited funds to pay a specified amount of money to a specific person on demand called?

Why was the FDIC created?

Why do the words Debit and Credit have meanings on a bank statement different from the ones which they have in normal accounting ( i. e. a debit is actually a withdrawal, a credit a deposit)?

What is a bank branch?

What is the situation in which many customers try to withdraw their bank deposits simultaneously, but the bank's reserves are not sufficient to cover the withdrawals called?

Why was the FDIC limit of insurance raised to $250,000 temporarily in 2008 thru 2009?

What is the government entity that insures bank balances?

Why are offshore banks often able to offer a client higher interest rates?

What is another name for a bill of exchange?

What is meant by the term Retail Banking?

Which of the following is a feature often found in an offshore bank account, not usually found in an onshore bank account?