VOCABULARY
Adding or putting money into an account
Deposit
If you earned $20.00 in two weeks, how much money do you earn in one week?
$10.00
What are TWO parts of a check?
The address, the name, the account name, the account number, the memo line, the pay to order line, the money written out, the signature line
Legal tender, money, currency or coins that can be used to directly exchange goods, debt, or service
Cash
USD
United States Dollar
Taking money out of an account
Widthdrawl
How much is 121 quarters?
$30.25
Money you get for working a job
Income
Card used to pay with money directly from your checking account
Debit Card
PIN
Personal Identification Number
A place that provides financial services of holding people's money or loaning people money
Bank
If your mom put five dollars in your bank account every month for three months, how much will you have?
$15.00
A deposit account that allows you to easily make withdrawals, deposits and fund transfers
Checking Account
Used to borrow money to buy something now. You pay it back later, usually with interest
Credit Card
APR
Annual Percentage Rate
What is a spending plan that takes into account estimated current and future income and expenses
Budget
if you have $5.75, and you seen a shirt that you really wanted for $12.35, how much money will you need to buy the shirt?
$6.60
An interest bearing account held at a bank or Credit Union
Savings Account
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to a person
Check
CD
Certificate of Deposit
The price you pay to borrow money or the cost you charge to lend money
Interest
If you you made $100.00 a month and you put $55.63 in the bank every month for 3 months, how much money will you have in the bank?
$166.89
What are TWO parts of a check?
The address, the name, the account name, the account number, the memo line, the pay to order line, the money written out, the signature line
Borrowed money given in a lump sum that is payed back over time with interest
Loan
ATM
Automated Teller Machine