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 where you get money and deposit money using a debit card
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| Account Balance | how much money you have in your account at a certain time
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| Budget | Deciding how much to spend on items and save for a certain time period
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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 |
Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face ...
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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 |
The cost required for something; the money spent on something.
The cost required for something; the money spent on something.
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| FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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| Fees | 1.A payment made for professional advice or services.
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| Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an...
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| Financial Security | having money for future use and living within a budget
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| Fixed Expense | a payment that stays the same each year.
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| Income | Money received, esp. on a regular basis, for work or through investments.
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| Interest | fee paid to someone for borrowing money
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| Loan Overdraft | your bank will cover checks which would otherwise bounce.
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| Memo | A written message, esp. in business; a memorandum
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| Needs | Cannot avoid or help doing something: "they must needs depart".
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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 because the availabl...
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| Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or...
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| Payee | person that get money
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| Payer | a person who pays money for something.
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| Reconcile | to bring into agreementor harmony;make compatibleor consistent: to reconcile differing statements; to reconcile accounts.
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| Savings | to put money aside for a reason
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| Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer. Ch 2 -...
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| Wants | Have a desire to possess or do (something); wish for.
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| Withdrawal | 1.The action of withdrawing something.
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