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!
|
|
||||
|---|---|---|---|---|---|
| 1. ATM | An automated teller machine (ATM), also known as automatic banking machine (ABM), Cash Machine, or Cashpoint
🗑
|
||||
| 2. Account Balance | A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world
🗑
|
||||
| 3. Budget | An estimate of income and expenditure for a set period of time.
🗑
|
||||
| 4. Checking Account |
An account at a bank against which checks can be drawn by the account depositor
🗑
|
||||
| 5. Cleared Check | Movement of a check from the bank in which it was deposited to the bank on which it was drawn
🗑
|
||||
| 6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc
🗑
|
||||
| 7. Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
🗑
|
||||
| 8. Deposit | A sum of money placed or kept in a bank account, usually to gain interest.
🗑
|
||||
| 9. Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account.
🗑
|
||||
| 10. Endorse | 1.Declare one's public approval
🗑
|
||||
| 11. Expense | The cost required for something; the money spent on something
🗑
|
||||
| 12. FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
🗑
|
||||
| 13. Fees | 1.A payment made for professional advice or services
🗑
|
||||
| 14. Financial Literacy | Financial literacy is the ability to understand finance
🗑
|
||||
| 15. Financial Security | A security is a fungible, negotiable instrument representing financial value
🗑
|
||||
| 16. Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases,
🗑
|
||||
| 17. Income | Money received, esp. on a regular basis, for work or through investments.
🗑
|
||||
| 18. Interest | Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money,
🗑
|
||||
| 19. Loan Overdraft | your bank will cover checks which would otherwise bounce. As with any loan
🗑
|
||||
| 20. Memo | A written message, esp. in business; a memorandum.
🗑
|
||||
| 21. Needs | Cannot avoid or help doing something: "they must needs depart".
🗑
|
||||
| 22. Non-sufficient funds (NSF) | A term used to indicate when an item such as a check
🗑
|
||||
| 23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated
🗑
|
||||
| 24. Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable
🗑
|
||||
| 25. Payer | a person who pays money for something
🗑
|
||||
| 26. Reconcile | Analysis and adjustment of differences between the cash balance shown on a bank statement
🗑
|
||||
| 27. Savings | The money one has saved, esp. through a bank or official scheme
🗑
|
||||
| 28. Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business
🗑
|
||||
| 29. Wants | The human motives that induce the business and economic activities which produce the desired goods and services
🗑
|
||||
| 30. Withdrawal | An act of taking money out of an account
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
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.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
sampangburn
Popular Finance sets