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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1. ATM | automated teller machine
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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....
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3. Budget | An estimate of income and expenditure for a set period of time
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4. Checking Account | An account at a bank against which checks can be drawn by the account depositor
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5. Cleared Check |
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6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc.
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7. 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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8. Deposit | A sum of money placed or kept in a bank account, usually to gain interest
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9. Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account.
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10. Endorse | 1.Declare one's public approval or support of.
2.Recommend (a product) in an advertisement.
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11. Expense | The cost required for something; the money spent on something
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12. FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits.
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13. Fees | 1.A payment made for professional advice or services.
2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something.
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14. Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an...
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15. Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities...
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16. Fixed Expense | (FIXED EXPENSES) Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change
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17. Income | Money received, esp. on a regular basis, for work or through investments.
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18. Interest | The state of wanting to know or learn about something or someone: "many people lose interest in history".
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19. Loan Overdraft |
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20. Memo | A written message, esp. in business; a memorandum
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21. Needs | Cannot avoid or help doing something: "they must needs depart".
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22. Non-sufficient funds (NSF) | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored...
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23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or...
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24. 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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25. Payer | a person who pays money for something
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26. Reconcile | 1.Restore friendly relations between: "she wanted to be reconciled with her father".
2.Cause to coexist in harmony; make or show to be compatible.
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27. Savings | 1.An economy of or reduction in money, time, or another resource.
2.The money one has saved, esp. through a bank or official scheme.
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28. Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer. Ch 2 -...
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29. Wants | Have a desire to possess or do (something); wish for.
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30. Withdrawal | 1.The action of withdrawing something.
2.An act of taking money out of an account.
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