Bank Exam Modified Word Scramble
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Question | Answer |
Money | something generally accepted as a medium of exchange, a measure of value or a means of payments |
Currencies | system of money in general use in a country |
Cash | form of legal tender which can be used to exchange goods, debt or services |
Debit Card | payment card which provides the cardholder electronic access to their bank account |
Credit Card | payment card issued by a bank to cardholders as a method of payment |
Personal Check | slip of paper which allows the user to make a payment from his or her bank account to a business or individual |
FDIC | created to insure bank deposits after the major monetary losses that helped begin the Great Depression |
Interest | the amount of money paid by a customer to a financial institution for borrowing money through a loan, credit card, etc. |
Required Minimum Balance | least amount required to be kept on deposit in a bank account |
Credit Score | represents creditworthiness in a person, which is the likelihood he/she will pay debts in a timely manner |
Installments | buyer gains use of the commodity immediately and pays for it in periodic payments |
Lump Sum | single sum of money which serves as complete payment |
Application Fee | money paid to the bank or mortgage company to cover expenses of processing a loan application |
Credit Check | when a potential lender buys a copy of one’s credit history to determine whether or not he/she is someone with the ability and character to repay a debt |
Net Worth | total assets minus liabilities or debt |
Service Fees | you usually do not have to pay these if you have the advantage of a checking and savings account at the same bank |
Term | known as the length of time you have to pay the loan back in full to the lender |
ATM | Used to withdraw cash from a checking account. |
Balance | An amount available or owed on an account. |
Check | An order to pay another person an amount of money from your account. |
Debt | The amount you owe on a loan. |
Deposit | Money placed into an account. |
Expense | Anything you spend money on. |
Income | Money earned through work. |
Overdraft | Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee. |
Ethics | set of standards of conduct that guide decisions and actions based on duties derived from core values |
Who is responsible for restoring your credit when you identity is stolen? | yourself |
What is stealing of a person’s financial information, such as credit cards and Social Security number, with the intent to make purchases under the person’s identity? | Identity Theft |
What is strong, usually irresistible impulse to perform an act against a person’s usual behavior? | Compulsive Behavior |
What is the sudden, involuntary inclination prompting one to take an action which is not well thought-out? | Impulse |
Created by:
Mr.Johnston
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