Money
Financial Institutions
Checkbooks
Checks
Bank Services
100
Paper money and coins used for financial transactions
What is currency?
100
A financial institution that serves individuals and businesses.
What is a commercial bank?
100
Adding money to your account.
What is a deposit?
100
A check that you sign over to someone else?
What is a third party check?
100
Having your paycheck deposited in your account by your employer.
What is direct deposit?
200
Trade one item for another.
What is bartering?
200
A financial institution owned by its depositors.
What is a Savings Bank?
200
A booklet used for recording checking account transactions.
What is a check register?
200
A check that has been paid and is listed on your bank statement.
What is a cancelled check?
200
A bank's own personal check signed by a bank employee.
What is cashier's check?
300
Sustained increase in the average level of prices?
What is inflation?
300
A financial institution that offers memberships to people who share a common bond
What is a credit union?
300
A written record from your bank of transactions during a period of one month.
What is a bank statement?
300
Writing a check for more than you have in your account.
What is overdrawing?
300
A place for you to keep your noncash items.
What is a safety deposit box?
400
The money that a bank pays its customers for keeping their money in a savings account.
What is interest?
400
A financial institution that originally specialized in lending money to consumers to buy houses
What is a Savings and Loan?
400
Comparing your check register to your bank statement.
What is reconciliation?
400
Checks that have not been paid and do not appear on your bank statement.
What is an outstanding check?
400
An electronic communication that moves money from an account in one bank to an account in a different bank.
What is an electronic funds transfer(EFT)
500
Interest paid only on principal.
What is simple interest?
500
An organization created by the federal government to insures deposits in most banks
What is the Federal Deposit Insurance Corporation?
500
The age at which you can open a checking account by yourself.
What is 18?
500
Your personal check that is guaranteed by your bank.
What is a certified check?
500
If interest at 6 percent is compounded semi-annually on Carlos’ $500 savings account, the money he will have in his account at the end of two years.
What is $562.75
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