Savings Account
Money earned on a savings account.
What is interest?
What is a deposit?
Card used to take money from a checking account.
What is a Debit Card?
Amount of money earned before deductions.
What is gross pay?
Where the columns and rows meet.
What is a cell?
The type of interest that earns interest on interest.
What is compound interest?
Money that is taken out of the checking account.
What is a withdrawal?
Card used to make purchases. Interest is charged if not paid before statement due date.
What is credit card?
Amount of money earned after deductions.
What is net pay?
Vertical on a spreadsheet.
What is a column?
The type of interest that uses the following formula:
i=pxrxt
What is simple interest?
The individual that the check is written to.
Who is the payee?
Acronym ATM.
What is Automated Teller Machine?
Money taken out of the paycheck.
What is a deduction?
Horizontal on a spreadsheet.
What is a row?
APR is an acronym for what words.
What is Annual Percentage rate?
Not enough money in your checking account to cover the amount to be withdrawn.
What is overdrawn?
Term for the charge when a debit card is used to withdraw money from a machine that is not part of the financial institution.
What is a service charge?
Deductions from a paycheck that are used to pay for services such as state parks, roads, education, etc.
What are taxes?
Calculates math on a spreadsheet.
What is a formula?
Money taken out of a savings account for an individual's use.
What is a withdrawal?
Acronym NSF
What is non-sufficient fund?
Credit card which as two colored circles in its logo. One is orange and one is red.
What is Mastercard?
Document which lists all employees, gross pay, deductions and net pay.
What is a payroll register?
Used to illustrate a spreadsheet.
What is a chart/graph?