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