WHS BAC Chapter 10 Banking and Investing vocabulary
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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| simple interest | a one-time payment or fee charged for the use of money loaned
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| rate | the percent of interest charged for money loaned
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| term | the period of time for which money is loaned; the number of years the money is loaned
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| savings accounts | bank accounts in which depositors can earn interest on money deposited
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| compound interest | interest paid on the principal plus interest added to date
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| checking account | a bank account against which a depositor can draw checks
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| automated teller machine (ATM) | a computer terminal that allows 24-hour access to bank accounts
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| check | a written order that is considered as cash
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| stub | the part of a checkbook that serves as a record for the information written on the check
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| register | a form on which transactions and balances are recorded
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| transaction | the act of depositing to or withdrawing from a bank account
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| monthly statement | a summary that shows recent transactions
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| reconcile | to compare and check the accuracy of information in a checkbook
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| processed | describes a check or deposit that has been handled by the bank
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| stock | the element in a corporation that is divided into shares
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| shares | parts into which capital stock of a corporation is divided
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| profit | a gain or increase in value
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| loss | a decrease in value
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| shareholders | the people who own the stock of a corporation
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| dividend | profit from stock
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| income stock | stock that makes a profit
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