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For a system in mechanical equilibrium,
Federal Deposit Insurance Corporation
A U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per bank.
Compounded Monthly
The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied on a monthly basis.
Check Register
A record of all checks written, deposits made, and balances in a checking account, used for managing finances.
Bank Statement
A summary of financial transactions that have occurred over a given period on a bank account.
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