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.
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| 1. ATM | automated-teller machine
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| 2. Account Balance | he amount of money in a financial repository, such as a checking account,
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| 3. Budget | , an estimate, often itemized, of expected income and expense for a given period in the future
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| 4. Checking Account | bank account in which checks may be written against amounts on deposit
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| 5. Cleared Check | heck that has cleared the depositor's account and has been marked
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| 6. Credit Union | credit union is a member-owned financial cooperative, democraticall
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| 7. Debit Card | An electronic card issued by a bank which allows bank clients access to their account to withdraw cash or pay for goods and services.
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| 8. Deposit | : Money given in advance to show intention to complete the purchase of a property.
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| 9. Direct Deposit | The deposit of funds directly into a bank account as a form of payment. Common uses for direct deposit include paychecks and tax .
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| 10. Endorse | omething that is written in the process of endorsing
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| 11. Expense | he economic costs that a business incurs through its operations to earn revenue.
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| 12. FDIC | Federal Deposit Insurance Corporation
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| 13. Fees | A fixed sum charged, as by an institution or by law, for a privilege
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| 14. Financial Literacy | he possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters
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| 15. Financial Security | financial instrument that represents: an ownership position in a publicly-traded corporation (stock), a creditor relationship
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| 16. Fixed Expense | A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses that have to be paid by a ...
fixed expenses financial definition of fixed expenses
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| 17. Income | the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase
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| 17. Income | the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase
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| 18. Interest | A state of curiosity or concern about or attention to something: an interest in sports.
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| 19. Loan Overdraft | If you have an overdraft account, your bank will cover checks which would otherwise bounce. As with any loan, you pay interest on the outstanding balanc
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| 20. Memo | A memo, short for the word memorandum,
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| 21. Needs | condition or situation in which something is required or wanted:
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| 22. Non-sufficient funds (NSF) | An acronym used in the banking industry to signify that there are "non-sufficient funds" in an account in order to honor a check drawn on that account.
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| 24. Payee | Pronunciation of payee. Translations of payee. payee synonyms, payee antonym
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| 23. Online Banking | A system allowing individuals to perform banking activities at home
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| 25. Payer | One that pays: a prompt payer of bills
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| 2 |
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| 27. Savings | The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment ...
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| 28. Variable Expenses | Variable costs are those costs that vary depending on a company's production volume; they rise as ...
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| 29. Wants | to feel a need or a desire for; wish
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| 30. Withdrawal | retreat or retirement. b. Retreat of a military force in the face of enemy attack or after ...
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Marquistl4
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