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Financial Literacy

goes with Banzai (target - how to write a check)

QuestionAnswer
Bad Check is a check that is dishonored because of insufficient funds
Budget is a sum of money to be used for a particular purpose
Check Register is a record book used to keep track of all transactions
Checking Account is a bank account where the depositor can write checks
Cleared Check is a check that has been honored and processed
Credit Card is a card that lets you buy goods and services based on a promise to pay later (changes monthly interest if the balance is not paid in full)
Debit Card is like a credit card, but it takes money directly from your bank account
Overdraft occurs when withdrawals have gone over the available amount
Overdraft fee is a fee for over spending
Record in your check register when you write one or withdraw money from the ATM
Saving account is a bank account where money is stored and returns a low interest rate
Statement is a document published by your bank that details all transactions for the month
Created by: pbaucum