Bank on!
Bank has customers who are also owners
What are credit unions?
A rent payment
What is a fixed expense?
Stores intentionally put small and inexpensive items near the checkout lines
What is known as impulse buying?
Tax identification number
What is your social security number?
Snapshot of activity on the account during a specific time period
What is a bank statement?
Type of bank that is the most widely used
What is a commercial bank?
A monthly utility bill
What is a variable expense?
Goals achieved in more than five years
What is known as a long-term goal?
Money paid to the employee after taxes
What is take-home pay or net income?
The process by which the depositor checks to see if their checkbook balances agree/match the bank statement balance
What is reconciliation or bank statement reconciliation?
Bank offers full investment services as its main business
What is a brokerage firm?
Donating to the local animal shelter
What is a discretionary expense?
A spending plan based on income and expenses
What is a budget?
A bank account that earns interest
What is a savings account?
The closing date listed at the top of your bank statement.
What is the cutoff date for transactions?
A type of bank does not have an actual physical location
What is a virtual bank?
Earning interest on a savings account
What is considered income?
Something you can achieve in less than 12 months
What is a short-term goal?
Offers easy access to your money for your daily transactional needs and helps keep your cash secure
What is a checking account?
An item that has cleared the bank and the depositor's account.
What is a canceled or cleared check?
The central bank of the United States
What is the Federal Reserve?
To help you see the amount of income you have each month, pay all of your expenses, and put money into savings
What is the purpose of a spending plan?
Something borrowed and is paid back with interest
What is a loan?
Total amount you earn before taxes
What is gross income?
A deposit that has been deposited to an account, but has not been recorded by the bank.
What is an outstanding deposit?