Budget and Banking
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| ATM | automated teller machine
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| Account Balance | actual money in a bank account
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| Budget | An estimate of income
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| Checking Account | An account at a bank against which checks can be drawn by the account depositor
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| cleared check | Movement of a check from the bank in which it was deposited to the bank on which it was drawn
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| credit union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc
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| debit card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
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| deposit | A sum of money placed or kept in a bank account, usually to gain interest.
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| direct deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account.
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| endorse | to write on the back of; especially : to sign one's name as payee
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| expense | The cost required for something; the money spent on something
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| FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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| fee | Money paid as part of a special transaction
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| financial literacy | Financial literacy is the ability to understand finance
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| financial security | A security is a fungible, negotiable instrument representing financial value
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| fixed expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases
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| income | profitable than they otherwise might have been. also called earnings.
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| interest | The price paid for borrowing money
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| loan overdraft | Loan arrangement under which a bank extends credit up to a maximum amount
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| memo | A written message
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| needs | Something required or wanted; a requisite
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| non-sufficient funds | Reason for dishonoring or returning a check to its depositor
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| online banking | A system allowing individuals to perform banking activities at home, via the internet.
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| payee |
One who receives a payment, such as through cash, check, money order, or promissory note.
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| payer | One who makes a payment
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| reconcile | to make two financial accounts or statements agree.
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| savings | The part of a person's income that is not spent.
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| variable expenses | periodic cost that does not have a constant value, such as an electric bill.
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| wants | Consumer spending is two-thirds of the U.S. economy
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| withdrawal | A removal of funds from an account
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
tmatias
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