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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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Term
Definition
ATM   automated-teller machine  
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Account Balance   The amount of money in a financial repository, such as a checking account, at any given moment  
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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. An account at a bank against which checks can be drawn by the account depositor.  
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5. Cleared Check   check was cashed or deposited  
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6. Credit Union   A nonprofit financial cooperative offering deposit accounts, low-interest loans  
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7. 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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8. Deposit   A sum of money placed or kept in a bank account, usually to gain interest  
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9. 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   To sign a legal document, such as a check  
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11. Expense   The cost required for something; the money spent on something.  
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Created by: DayJona
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