Checking Accounts
Banking Vocab
Card Confusion
Economics
AT Businesses
100
An institution that receives, lends, borrows, exchanges, issues, and safeguards money.
What is a bank?
100
A written form instructing a bank to put money into an account. This form includes the account holders name, account number, and the amounts of the checks, cash, and coin being put into the account.
What is a deposit slip?
100
A type of card that is only used to withdraw money from your account at an automated teller machine.
What is an ATM card?
100
If bad weather causes most of the apple trees to die, the price of apple juice will most likely ______.
What is rise?
100
This business offers assessments to citizens who seek career information.
What is the college?
200
To take money out of an account.
What is to withdraw?
200
A record showing the check number, person to whom the check is paid, amount of the check, the date, and the balance of your checking account.
What is a checkbook register?
200
A type of card that can be used to withdraw money from an automated teller machine, but is also used to make purchases.
What is a debit card?
200
People who go to the store to buy things.
What are consumers?
200
This business sells and bags packaged snacks and drinks, as well as other merchandise.
What is the market?
300
An account in which money is deposited and is used to save for long term goals. This type of account earns interest from the bank.
What is a savings account?
300
A card on file at the bank with the signature of the person authorized to use an account.
What is a signature card?
300
A type of card that allows you to pay later. Purchases can be made with this card throughout the month, and a bill for the total amount of purchases must be paid at the end of each month.
What is a credit card?
300
When a business has more income than expenses.
What is a profit?
300
These are the only businesses that accept checks.
What is the Medical Center and Towne Hall?
400
Money borrowed by an individual OR a business to be paid back with interest.
What is a bank loan?
400
A check written for a larger amount than the balance in a checking account. Or a purchase made with a debit card for a larger amount than the balance in a checking account.
What is an overdraft?
400
Money that can be earned in a savings account OR charged to credit card users.
What is interest?
400
The amount of a good or service a producer has for sale.
What is supply?
400
This business provides mail delivery services for businesses and citizens.
What is the parcel service?
500
To put money into a checking or savings account.
What is deposit?
500
A written order instructing a bank to pay money from a checking account.
What is a check?
500
The letters written in the Check # column on a checkbook register, when recording a debit card purchase.
What are the letters D.C.?
500
When a business has more expenses than income.
What is a loss?
500
This business completes maintenance in shops around Towne and sells a variety of products.
What is the Utility Company?