chapter 5
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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| Direct Deposit | automatic deposit of net pay to an employee's designated bank account
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| Automated teller machine | a computer terminal that allows a withdrawal of cash from a account
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| debit card | is a cash card that allows you to withdraw money or pay for purchases from your checking or savings account
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| point of scale transcation | a purchase by a debit card of a good or service at a store , restaurant, or elsewhere
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| commercial bank | a for profit institution that offers a full range of financial service including checking, savings, and lending
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| saving and loan association | a financial intuition that specialized in savings account or mortgage loans but now offers many of the same services as commercial banks
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| credit union | a non profit financial institution that is owed by its members and is organized for their benefit
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| certificate of deposit | a saving alternative in which money is left on deposit for a stated period of time to earn a specific rate in return
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| money market account | a saving account that requires a minimum balance and earns and interest that varies month to month
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| rate of return | is the percentage of increase of the value of you savings from earn interest
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| compounding | process in which insert is earned on both on the original amount you deposited and any previously earned interest
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| annual percentage yield | the amount of interest that a 100$ deposit would earn after compounding for a year
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| overdraft protection | the automatic loan made to an account if the balance will not cover checks written
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| stop payment order | a request a bank or other financial institution not cash a particular check
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| endorsement | a signature of the payee a party to whom the check has been written
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| bank reconciliatoin | a report that accounts for the difference between the bank statement and a checkbook balance
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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.
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Created by:
Radilinn
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