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M1 L3 Vocab review
Question | Answer |
---|---|
A percent that is paid on money in a bank account or money | Interest |
An account where paper checks or debit cards are used to withdraw money deposited into into the account to pay for items | Checking Account |
Money is deposited into this account to earn money | Savings Account |
A handwritten document used to pay for purchases using funds in a personal checking account | Check |
The total amount of money you have in your account | Balance |
An automated teller machine that lets you have access to your account at any time | ATM |
This is a small book that shows the amount of money deposited into the savings account and withdrawn | Passbook |
The amount you deposited in a savings account | Principal |
The number a bank gives to an individual account | Account Number |
A form you fill out when you put money into your account | Deposit Slip |