Chp. 29 Vocab
Chp.29 Questions
Chp. 30 Vocab
Chp. 30 Questions
Miscellaneous
100
Electronic transfer of a payment from the payer’s bank account to account of person being paid
What is a Direct Deposit
100
Regular Checking Account, Interest-Bearing Accounts, and Joint Accounts
What is the three types of savings accounts
100
Money put aside for future use
What is ones Savings
100
Giving up one thing for something else
What is Oppurtunity Cost
100
Retirement, college, emergencies, buying homes
What is the right things to save for
200
Card with checking account owners signature
What is a Signature Card
200
owner has checks written for more money than he has, versus the actual Amount overdrawn
What is Overdrawn vs. Overdraft
200
Account that requires a specified amount of money be deposited for a set period
What is a Certificate of Deposit
200
Earns money over time and can double your money
What is an early savings accounts
200
Age when money in CD becomes available to you
What is Maturity Date
300
Checkbook log in which an account holder records checking account transactions
What is a Check Register
300
person that check is written to, versus Person who wrote the check
What is the difference between Payee and Drawer
300
The ability to quickly turn an investment into cash
What is Liquidity
300
The value of your dollar goes down
What is Inflation
300
Investing in stocks or bonds
What is an example of a liquid investment
400
What you give up when you make one choice instead of another
What is an Outstanding Check
400
Social Security #, phone number, credit card #
What is the wrong things to put on a check
400
the percentage of increase in value of savings from earned interest
What is the rate of return
400
Interest only earned on the principle, versus Interest earned on principle + earned interest
What is Simple interest vs. Compound interest
400
Account holds two people who are equally responsible for account to write checks
What is Joint Account
500
A line of credit for overdrawn checks
What is Overdraft Protection
500
The use of the internet to handle accounts and transfers
What is Online Banking
500
Checks that have already been cashed
What is Canceled Checks
500
Government issued money for retirement
What is Social Security
500
used to calculate how long it will take to double the money in an investment
What is The Rule of 72
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