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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| 2. Account Balance | . The amount of money in a financial repository, such as a checking account, at any given moment.
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| 3. Budget | an estimate, often itemized, of expected income and expense for a given period in the future
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| 4. Checking Account |
a bank deposit against which checks can be drawn by the depositor.
Compare savings account.
bank deposit against which checks can be drawn by the depositor.
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| 5. Cleared Check | a check that has been cashed or deposited.
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| 6. Credit Union | cooperative group that makes loans to its members at low rates of interest.
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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.
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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
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| 14. Financial Literacy | Financial literacy is the ability to understand finance
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| 15. Financial Security | A security is a fungible, negotiable instrument representing financial value
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| 16. Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change from month to month
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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 charge for the privilege of borrowing money, typically expressed as an annual percentage rate
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| 19. Loan Overdraft | An extension of credit from a lending institution when an account reaches zero
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| 20. Memo | A written message, esp. in business; a memorandum
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| 21. Needs | something you have to have to survive
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| 22. Non-sufficient funds (NSF) | a check that is dishonored on presentation because of insufficient funds; "issuing a bad check is a form of larceny"
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| 23. Online Banking | The performance of banking activities via the Internet
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| 24. Payee | 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 | An accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate
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| 27. Savings |
2.The money one has saved, esp. through a bank or official scheme.
2.The money one has saved, esp. through a bank or official scheme.
2.The money one has saved, esp. through a bank or official scheme.
the money one has
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| 28. Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business
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| 29. Wants | A lack or deficiency of something
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| 30. Withdrawal |
2.An act of taking money out of an account.
2.An act of taking money out of an account.
taking money from an account
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Created by:
asia wells
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