Business Math Ch. 3 Word Scramble
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Question | Answer |
A form used to list all money deposited in a bank. | Deposit Slip |
A record of deposits and checks. | Check Register |
The amount of money in an account; the difference between the two sides of an account. | Balance |
When funds are withdrawn from one account and deposited into another using computers. | Electronic Funds Transfer (EFT) |
A computer system that lets you withdraw or deposit money in your bank account without a teller's help. | Automatic Teller machine (ATM) |
Transferring funds by a company directly into their employees bank accounts without writing any checks. | Direct Deposit |
A card that lets you pay for purchases using a terminal in a store. | Debit Card |
An electronic banking service that allows you to do your banking by using your personal computer and the Internet. | Online Banking |
A monthly report to a depositor showing deposits, payments, and balance in a checking account. | Bank Statement |
A bank charge or deductions for handling a checking account; a charge in addition to interest on an installment purchase. | Service Charge |
A check issued but not yet received and paid by the bank. | Outstanding Checks |
Money paid to an individual or institution for the privilege of using their money. | Interest |
A deposit or withdrawal that has to be recorded. | Transaction |
The total in a savings account at the end of an interest period after compound interest is added. | Compound Amount |
The difference between the original principal and the compound amount; interest figured on interest after it has been added to principal. | Compound Interest |
A time deposit or savings certificate. | Certificate of Deposit (CD) |
The fixed period of time money is on deposit in a savings account. | Term |
The date that marks the end of the term of a loan. When money must be repaid. | Maturity Date |
Created by:
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