budget and banking
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| ATM | automated-teller machine
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| Account Balance | The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance.
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| Budget | An estimate of income and expenditure for a set period of time.
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| Checking Account | An account at a bank against which checks can be drawn by the account depositor
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| Cleared Check | a check thats been approved or cleared
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| Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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| Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
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| Deposit | A sum of money placed or kept in a bank account, usually to gain interest.
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| Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account.
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| Endorse | to write on the back of; especially : to sign one's name as payee
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| Expense | are things that a person buys every month
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| FDIC | fianacal department of credit
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| Fees | extra money you pay for certain items
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| Financial Literacy | the teaching of a person to manage their money right.
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| Financial Security | when you a financally stable.
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| Fixed Expense | when you pay that expense because you have to not beacuse you want to.
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| Income | the money you earn every pay check
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| Interest | extra money you have to pay
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| Loan Overdraft | when you go over the deadline of your loan and pay more.
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| Memo | 1.A person's power to remember things: "I've a great memory for faces".
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| Needs | when you have to have something
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| Non-sufficient funds (NSF) | A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid
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| Online Banking | when you do your banking like savings online.
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| Payee | a person who gets payed
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| Payer | a person who pays somebody
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| Reconcile | to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts.
1.Restore friendly relations between: "she wanted to be reconciled with her father".
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| Savings | the extra money you save
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| Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer.
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| Wants | when you want something
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| Withdrawal | when you take money out of your accont
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Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
qsmith
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