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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| Account Balance | A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world
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| 3. Budget | An estimate of income and expenditure for a set period of time
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| 4. Checking Account | An account at a bank against which checks can be drawn by the account depositor
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| 5. 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 amount in the opposite direction
Read more: http://www.businessdictionary.com/definition/check-clearing.html#ixzz2Nuh3DjyS
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| 6. Credit Union | nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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| 7. Debit Card | card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase
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| 8. 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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| 10. Endorse | 1Declare one's public approval or support of
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| 11. Expense | The cost required for something; the money spent on something
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| 12. FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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| 13. Fees | 2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.
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| 14. Financial Literacy | Financial literacy is the ability to understand finance
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| 15. Financial Security | A security is a fungible, negotiable instrument representing financial value.
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| 16. Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change...
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| income | Money received, esp. on a regular basis, for work or through investments
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| 18. Interest |
A feepaid for the use of another party's money. To the borrower it is the cost of renting money, to the lender the income from lending it.
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| 19. Loan Overdraft | Balance of a bank account in which funds withdrawn have exceeded funds deposited
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| 20. Memo | A person's power to remember things
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| 21. Needs | Cannot avoid or help doing something
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| 22. Non-sufficient funds | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored...
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| 23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website
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| 24. Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
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| 26. Reconcile | Cause to coexist in harmony; make or show to be compatible.
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| 27. Savings | The money one has saved
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| 28. Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business.
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| 29. Wants | Have a desire to possess
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| 30. Withdrawal | An act of taking money out of an account
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Created by:
dre19966
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