Banking on Success
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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| your employer pays you electronically | Direct Deposit
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| go down in value | Depreciate
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| to sign the back of the check you deposit | Endorse
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| Another name for check card | Debit card
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| an increase in the price of goods and services | Inflation
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| Anything of value owned by a person or company | Asset
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| Money an individual or business owes someone | Liability
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| Insures each person’s money up to $100,000 | Federal Deposit Insurance Corporation (FDIC)
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| The place in your checkbook where you keep track of the money you’ve spent | Transaction register
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| Your bank’s most recent calculation of the amount in your account based on the transactions they have processed | Available balance
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| an hourly amount voted into law by Congress for entry level jobs | Minimum wage
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| In some places in the US, laws have been passed that require employers to pay an amt. greater than the minimum wage to help workers meet their basic needs | Living wage
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| A fee paid for the use of another person's money or for a borrower it is the cost you pay for borrowing money | Interest
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| Situation where there is not enough money to cover all transactions in a bank account | Insufficient funds
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| An arrangement where a bank pays for a transaction when there are insufficient funds in your account | overdraft protection
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| Check returned to business when presented at bank due to insufficient funds | bounced check
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| : a document that spells out what is and isn’t covered regarding your car, home, or medical bills | Insurance policy
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| the amt. you pay for insurance | Premium
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| the amt. you must pay before the insurance company pays | Deductible
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| a person who starts, organizes, and manages a business, usually with considerable initiative and risk | Entrepreneur
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Created by:
ritaephillips
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