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BUDGET ANG BANKING

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
ATM   automated teller machine.  
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Account Balance   A balance of payments  
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Budget   An estimate of income and expenditure for a set period of time.  
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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   Whn a check has been cashed or deposited.  
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Budget   An estimate of income and expenditure for a set period of time.  
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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   Whn a check has been cashed or deposited.  
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Cleared Check   Whn a check has been cashed or deposited.  
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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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Credit Union   A nonprofit financial cooperative offering deposit accounts, low-interest loans  
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Credit Union   A nonprofit financial cooperative offering deposit accounts, low-interest loans  
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Endorse   1.Declare one's public approval or support of.  
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Credit Union   A nonprofit financial cooperative offering deposit accounts, low-interest loans  
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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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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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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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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   1.Declare one's public approval or support of.  
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Endorse   1.Declare one's public approval or support of.  
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Endorse   1.Declare one's public approval or support of.  
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Financial Literacy   Financial literacy is the ability to understand finance.  
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Expense   The cost required for something; the money spent on something.  
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Endorse   1.Declare one's public approval or support of.  
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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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FDIC   Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.  
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Fees   1.A payment made for professional advice or services.  
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Fees   1.A payment made for professional advice or services.  
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FDIC   Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.  
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Financial Literacy   Financial literacy is the ability to understand finance.  
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Fees   1.A payment made for professional advice or services.  
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Fees   1.A payment made for professional advice or services.  
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Financial Security   A security is a fungible, negotiable instrument representing financial value.  
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Financial Literacy   Financial literacy is the ability to understand finance.  
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Fixed Expense   of owning and operating a property that are not discretionary and, except for occasional increases  
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Financial Security   A security is a fungible, negotiable instrument representing financial value.  
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Income   Money received, esp. on a regular basis, for work or through investments.  
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Income   Money received, esp. on a regular basis, for work or through investments.  
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Interest   The state of wanting to know or learn about something or someone  
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Interest   The state of wanting to know or learn about something or someone  
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Loan Overdraft   borrowed more than you had.  
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Income   Money received, esp. on a regular basis, for work or through investments.  
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Loan Overdraft   borrowed more than you had.  
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Memo   A written message, esp. in business; a memorandum.  
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Memo   A written message, esp. in business; a memorandum.  
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Memo   A written message, esp. in business; a memorandum.  
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Needs   Cannot avoid or help doing something  
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Non-sufficient funds (NSF)   indicate that a demand for payment (a check) cannot be honored.  
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Online Banking   allows customers to conduct financial transactions on a secure website  
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Payee   A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.  
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Payer   a person who pays money for something.  
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Payee   A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.  
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Reconcile   2.Cause to coexist in harmony; make or show to be compatible.  
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Payer   a person who pays money for something.  
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Savings   A bank account that earns interest.  
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Reconcile   2.Cause to coexist in harmony; make or show to be compatible.  
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Reconcile   2.Cause to coexist in harmony; make or show to be compatible.  
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Savings   A bank account that earns interest.  
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Savings   A bank account that earns interest.  
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Variable Expenses   Variable costs are expenses that change in proportion to the activity of a business.  
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Wants   Have a desire to possess or do (something); wish for.  
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Wants   Have a desire to possess or do (something); wish for.  
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Withdrawal   The action of withdrawing something.  
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Withdrawal   The action of withdrawing something.  
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Wants   Have a desire to possess or do (something); wish for.  
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Withdrawal   The action of withdrawing something.  
🗑
Budget   An estimate of income and expenditure for a set period of time.  
🗑
Checking Account   An account at a bank against which checks can be drawn by the account depositor.  
🗑
Cleared Check   Whn a check has been cashed or deposited.  
🗑
Credit Union   A nonprofit financial cooperative offering deposit accounts, low-interest loans  
🗑
Debit Card   A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.  
🗑
Deposit   A sum of money placed or kept in a bank account, usually to gain interest.  
🗑
Direct Deposit   The electronic transfer of a payment directly from the account of the payer to the recipient's account.  
🗑
Endorse   1.Declare one's public approval or support of.  
🗑
Expense   The cost required for something; the money spent on something.  
🗑
FDIC   Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.  
🗑
Fees   1.A payment made for professional advice or services.  
🗑
Financial Literacy   Financial literacy is the ability to understand finance.  
🗑
Financial Security   A security is a fungible, negotiable instrument representing financial value.  
🗑
Fixed Expense   of owning and operating a property that are not discretionary and, except for occasional increases  
🗑
Income   Money received, esp. on a regular basis, for work or through investments.  
🗑
Interest   The state of wanting to know or learn about something or someone  
🗑
Loan Overdraft   borrowed more than you had.  
🗑
Memo   A written message, esp. in business; a memorandum.  
🗑
Needs   Cannot avoid or help doing something  
🗑
Non-sufficient funds (NSF)   indicate that a demand for payment (a check) cannot be honored.  
🗑
Online Banking   allows customers to conduct financial transactions on a secure website  
🗑
Payee   A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.  
🗑
Payer   a person who pays money for something.  
🗑
Reconcile   2.Cause to coexist in harmony; make or show to be compatible.  
🗑
Savings   A bank account that earns interest.  
🗑
Variable Expenses   Variable costs are expenses that change in proportion to the activity of a business.  
🗑
Wants   Have a desire to possess or do (something); wish for.  
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Withdrawal   The action of withdrawing something.  
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