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Exchanging goods and/or services without using money is known as this...
What is Barter?
Anything that people will accept as payment for goods and services
What is MONEY?
This type of checking account would have NO monthly maintenance fee or minimum balance requirement
What is FREE CHECKING?
This is an alert that tells you when your bank account balance drops below a certain amount
What is a LOW BALANCE ALERT?
A business that cashes checks, giving the customer cash in exchange for a fee for the service
What is a CHECK CASHING STORE?
Savings Accounts and other similar time deposits that can be converted into cash relatively easily are called this...
What is NEAR MONEY?
This system backs the basic monetary until with a set amount of gold
What is the GOLD STANDARD?
This type of Checking Account is like a Savings Account but you can write checks and use your debit card to make purchases
What is an INTEREST-BEARING CHECKING ACCOUNT?
When your employer places your paycheck into your account you get this alert
What is a DIRECT DEPOSIT ALERT?
A check that has been written but has not yet been deducted from your account
What is an OUTSTANDING CHECK?
Something that holds its value over time
What is STORE OF VALUE?
Paper money and coins
What is CURRENCY?
This is an account shared by 2 or more people
What is a JOINT ACCOUNT?
When there is a change in your account status that is not normal you get this alert
What is an UNUSUAL ACCOUNT ACTIVITY ALERT?
This is when you balance your checking account with your monthly statement from the bank
What is RECONCILE?
Money backed by something tangible (like gold or silver) is called this
What is REPRESENTATIVE MONEY?
This type of money is usually held in Checking Accounts
What is DEMAND MONEY?
This type of Checking Account tends to offer low account minimums, low or no fees, but you need proof enrollment in a high school or college
What is a STUDENT CHECKING ACCOUNT?
You get this type of alert when a significant amount of money is spent at one time
What is a LARGE PURCHASE ALERT?
A fee paid to you for keeping your money in the account; also a fee charged for a loan or credit card
What is INTEREST?
This type of Money has intrinsic value based on the material from which its is made
What is COMMODITY MONEY?
This is the type of money declared by the government and accepted by the people to have worth
What is FIAT MONEY?
This item is just like writing a paper check, but with the convenience of using plastic
What is a DEBIT CARD?
This alert sounds when a withdrawal exceeds the daily limit
What is a LARGE WITHDRAWAL ALERT?
A check that the bank has paid and will appear on your statement
What is a CANCELLED CHECK?