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Financial Literacy
goes with Banzai (target - how to write a check)
| Question | Answer |
|---|---|
| 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
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