Checking vs Savings Vocabulary
Help!
|
|
||||
|---|---|---|---|---|---|
| ATM | These letters stand for Automatic Teller Machine. This is an electronic banking station that enables people to take care of banking business 24 hours a day, 7 days a week. You can deposit and withdraw money, pay credit cards, etc. at most ATMs.
🗑
|
||||
| Checking Account | Bank account that allows a customer to deposit money, make
withdrawals, and make transfers from the funds on deposit.
🗑
|
||||
| Savings Account Balance | In talking about savings account, your balance is what is left in your savings account after you deposit or withdraw money.
🗑
|
||||
| Debit Card | This plastic card looks like a credit card. Used to withdraw $ from a savings/ checking acct. When you use a debit card at ATM, to make purchases, $ is immediately withdrawn from your account. You cannot withdraw more money than you have in the account.
🗑
|
||||
| Deposit | To put money into a bank or investment account. (add)
🗑
|
||||
| Withdraw | The act of taking money out of an account. (subtract)
🗑
|
||||
| Savings Account | A bank account that pays you interest for keeping your savings in it. Banks use your money to make loans, so they pay you interest for the use of your money. The FDIC insures your savings up to $250,000, so you won't lose your money.
🗑
|
||||
| Overdraw | to take more money out of an account than is available in the account. You use a debit card to pay $25.00, but your account contains only $20. You will have to pay the bank a penalty charge for going over the limit.
🗑
|
||||
| Interest | percentage of the money that is in the account over a given period of time.
🗑
|
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:
yelena585
Popular Finance sets