This is an automatic deposit of net pay to an employee's designated bank account.
What is Direct Deposit
100
This is planning how to get the most from your money
What is Money Management
100
Paying rent is an example of this.
What is Fixed Expense
100
When you run out of money in your checking account, what are your options to pay for your necessities? (Think about the budgeting simulation.)
What is Savings account, credit card
100
Before signing up for this, you need to make sure you have enough money in your account and need to arrange payments according to when paycheck is received.
What is Automatic Payments
200
This is a purchase by a debit card of a good or service at a retail store, a restaurant, or elsewhere
What is Point-Of-Sale-Transaction
200
This is a small, secure storage compartment that you can rent in a bank, usually for $100 a year or less
What is Safe-Deposit Box
200
Write down an example of an unexpected expense.
What is answers vary
200
In this savings account, interest rates float, or go up and down, as market rates changes
What is Money Market Account
200
This is able to be withdrawn at any time, or on demand.
What is Checking Account
300
This is a savings account that requires a minimum balance and earns interest that varies from month to month
What is Money Market Account
300
This is the amount of income left after taxes and other deductions are taken out of your gross pay
What is Take-Home Pay
300
The difference between the budgeted amount and the actual amount that you spend is called what?
What is Budget Variance
300
This checking account may be good for you if you only will write a couple checks per month.
What is Activity Account
300
Checking status of your account online, and making transactions from an ATM, by telephone, or online are services called what?
What is Electronic Banking Services
400
This is a report that accounts for the differences between the bank statement and a checkbook balance
What is Bank Reconciliation
400
This is the difference between the amount that you own and the debts that you owe
What is Net Worth
400
List two important characteristics of a budget.
What is Carefully planned
Practical
Flexible
Written and easily accessible
400
This is a special service to a checking account where an automatic loan is made to an account if your balance will not cover the check written.
What is Overdraft Protection
400
It is a good idea to use this to store your passport, birth certificates, car titles, and other valuable collectibles such as coins or stamps.
What is Safe Deposit Box
500
This is a savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return
What is Certificate of Deposit (CD)
500
This is a document that provides information about an individual’s current financial position and presents a summary of income and spending
What is Personal Financial Statement
500
This is the first step to creating a budget.
What is Setting your financial goals.
500
List three items you will find on a bank statement. (Think about bank reconciliation assignment we did.)
What is Deposits
Checks you have written
ATM withdrawals
Debit card charges
Interest earned
Fees
500
This is a measure of the changes in prices for commonly purchased goods and services in the United States