Question 1

1.	ATM

Accepted Answer

automated teller machine




Atmosphere(s), as a unit of pressure

Question 2

2.	Account Balance

Accepted Answer

A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world

Question 3

3.	Budget

Accepted Answer

An estimate of income and expenditure for a set period of time.

Question 4

4.	Checking Account

Accepted Answer

An account at a bank against which checks can be drawn by the account depositor.

Question 5

5.	Cleared Check

Accepted Answer

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

Question 6

6.	Credit Union

Accepted Answer

A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.

Question 7

7.	Debit Card

Accepted Answer

A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

Question 8

8.	Deposit

Accepted Answer

A sum of money placed or kept in a bank account, usually to gain interest.

Question 9

9.	Direct Deposit

Accepted Answer

The electronic transfer of a payment directly from the account of the payer to the recipient's account.

Question 10

10.	Endorse

Accepted Answer

2.Recommend (a product) in an advertisement.

Question 11

11.	Expense

Accepted Answer

The cost required for something; the money spent on something

Question 12

12.	FDIC

Accepted Answer

Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.

Question 13

13.	Fees

Accepted Answer

1.A payment made for professional advice or services.

Question 14

14.	Financial Literacy

Accepted Answer

Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an

Question 15

15.	Financial Security

Accepted Answer

A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities

Question 16

16.	Fixed Expense

Accepted Answer

Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change

Question 17

17.	Income

Accepted Answer

Money received, esp. on a regular basis, for work or through investments.

Question 18

18.	 interest

Accepted Answer

The state of wanting to know or learn about something or someone: "many people lose interest in history

Question 19

19.	Loan Overdraft

Accepted Answer

An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it

Question 20

20.	Memo

Accepted Answer

A written message

Question 21

21.	Needs

Accepted Answer

Cannot avoid or help doing something

Question 22

22.	Non-sufficient funds (NSF)

Accepted Answer

A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the available balance in your deposit account is less than the amount of the item

Question 23

23.	Online Banking

Accepted Answer

Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail

Question 24

24.	Payee

Accepted Answer

A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.

Question 25

25.	Payer

Accepted Answer

a person who pays money for something.

Question 26

26.	Reconcile

Accepted Answer

2.Cause to coexist in harmony; make or show to be compatible

Question 27

27.	Savings

Accepted Answer

1.An economy of or reduction in money, time, or another resource.

Question 28

28.	Variable Expenses

Accepted Answer

(Variable expense) Variable costs are expenses that change in proportion to the activity of a business

Question 29

29.	Wants

Accepted Answer

Have a desire to possess or do (something); wish for.

Question 30

30.	Withdrawal

Accepted Answer

2.An act of taking money out of an account

Term	Definition
1. ATM	automated teller machine Atmosphere(s), as a unit of pressure
2. 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
3. Budget	An estimate of income and expenditure for a set period of time.
4. Checking Account	An account at a bank against which checks can be drawn by the account depositor.
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
6. Credit Union	A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
7. Debit Card	A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
8. Deposit	A sum of money placed or kept in a bank account, usually to gain interest.
9. Direct Deposit	The electronic transfer of a payment directly from the account of the payer to the recipient's account.
10. Endorse	2.Recommend (a product) in an advertisement.
11. Expense	The cost required for something; the money spent on something
12. FDIC	Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
13. Fees	1.A payment made for professional advice or services.
14. Financial Literacy	Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an
15. Financial Security	A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities
16. Fixed Expense	Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change
17. Income	Money received, esp. on a regular basis, for work or through investments.
18. interest	The state of wanting to know or learn about something or someone: "many people lose interest in history
19. Loan Overdraft	An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it
20. Memo	A written message
21. Needs	Cannot avoid or help doing something
22. Non-sufficient funds (NSF)	A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the available balance in your deposit account is less than the amount of the item
23. Online Banking	Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail
24. Payee	A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
25. Payer	a person who pays money for something.
26. Reconcile	2.Cause to coexist in harmony; make or show to be compatible
27. Savings	1.An economy of or reduction in money, time, or another resource.
28. Variable Expenses	(Variable expense) Variable costs are expenses that change in proportion to the activity of a business
29. Wants	Have a desire to possess or do (something); wish for.
30. Withdrawal	2.An act of taking money out of an account

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Budget and Banking