Finance 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 | an automated deposit of a persons net pay to their bank account
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| automated teller machine | (ATM) a machine that allows you to draw money from an account
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| debit card | a cash card that allows you to take money from an account to pay for a purchase
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| point of sale transaction | a purchase by a debit card at a good or service retailer, restaurant, etc.
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| commercial bank | for-profit institution that offers all financial services
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| savings and loan association | financial institution specialized traditionally in savings accounts and mortgage loans
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| credit union | non-profit institution that is owned by members and for their benefit
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| certificate of deposit money market account | savings alternative where money is left on deposit to earn specific rate of return
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| money market account | an account that requires minimum balance and earns interest that varies month to month
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| rate of return | percentage increase in value of savings earned from interest
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| annual percentage yield | amount of interest a hundred dollar deposit would earn for one year
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| overdraft protection | loan made to account if balance will not cover checks written
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| stop-payment order | request that a bank or institution does not cash a check
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| endorsement | signature of payee
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| bank reconciliation | report that accounts for differences between bank statement and checkbook balance
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| compounding | process on which interest is earned on principal and any previously earned interest
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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:
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