Banking
automatic teller machine
What is ATM?
basic type of bank account that allows you to deposit money and withdraw funds, all while earning interest.
what is a savings account?
Interest calculated on the initial principal, includes all of the accumulated interest from previous periods
What is compound interest?
Money taken out of a paycheck to pay the government
what is federal tax?
APPL
is the primary identifier for ownership of an account
What is an account number
this is when your paycheck is put directly into your bank account
What is direct deposit?
unique series of letters assigned to a security for trading purposes
Money taken out for retirement
What is social security tax?
Roblox
What is RBLX?
checking account
money held at a bank, or a transaction involving a transfer of money to another party for safekeeping
What is a deposit?
a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings
What are stocks?
Money taken out of a paycheck for medical insurance
What is Medicare?
YOU
What is YouTube
deposit account held at a bank that allows for withdrawals and deposits
checking account
Banking on a mobile device
What is mobile banking?
examples are cash, securities, real estate, cash, office supplies
What are assets?
a compulsory contribution to state or federal revenue on workers' income and business profits
Supreme Clothing
What is STS?
FDIC
What is Federal Deposit Insurance Corporation?
Setting aside money for future use
What is saving?
Something that takes money out of your pocket?
What are Liabilities?
direct tax levied by a state on your income
What is state income tax?
What is Goog?