Vocabulary
Accounts
The Federal Reserve
Taxes
Miscellaneous
100
register
What is the name of the part of the checkbook where you keep track of all your transactions?
100
revolving door account
What is the checking account commonly referred to as?
100
interest rates
What is the money you get from keeping an account at a bank?
100
federal taxes
What is the amount of money taken out of one's paycheck that supports the army, navy, air force, and marines?
100
automatic teller machine
What is the place where checking account customers can get money when the bank is closed?
200
bounced check
What is the phrase for a check that is written that cannot be cashed because there is not enough money in the account?
200
checking account
What is the account with very low interest rates?
200
spend money
What is what the Federal Reserve wants consumers to do when they lower interest rates on your accounts?
200
social security
What is the amount of money that supports retired Americans?
200
RED
What is the color you should not use when writing checks?
300
restrictive endorsement
What is this phrase referred to as, "for deposit only?"
300
interest
What is the word that means the bank pays YOU to put money in your account?
300
put money into the bank-save
What is what the Federal Reserve wants consumers to do when they raise interest rates?
300
State tax
What is the amount taken out of your check that pays for public sector jobs like teachers, State schools, highways, etc?
300
Payee
What is the person receiving the check referred to as?
400
legal line
What is the area of the check where the check amount is written out in words?
400
debit card
What is the card used with a checking account?
400
mortgage
What is the loan called when one buys a home?
400
401K
What is a savings account that your employer contributes to?
400
VOID
What is written on a check if you mess up the amount or words?
500
reconcile
What is the term used to describe the process of balancing your register with the bank statement?
500
transfer
What is the word that means you take money from one account and put it into another?
500
grow-the-economy
What is what happens when the Fed lowers interest rates, people go out and make large purchases?
500
Pension
What is a retirement account that public sector workers receive after 30 years?
500
medicare
What is health insurance for the elderly population referred to as?
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