Show:
banking
checking account
debit card
budgets
100
What is a bank used for?
Banks safeguard money and provide loans, credit, and payment services such as checking accounts, debit cards, and cashier's checks. Banks also may offer investment and insurance products.
100
What are the owners of a checking account responsible for?
the available money in their account
100
What is a debit card?
A debit card is a plastic card that provides an alternative payment method to cash when making purchases.
100
What is a budget?
A list of all planned expenses and revenues.
200
what are the 3 different kinds of banks?
commercial banks, savings and loan associations, and credit unions.
200
What happens if a check is written for an amount higher than the available balance?
The check writer faces numerous fees and possible legal action.
200
What are the three ways that debit card transactions are processed
online debit, PIN debit, and signature debit
200
What is a corporate budget?
A plan for the short-term future, typically one year.
300
What are commercial banks used for?
An bank which accepts deposits, makes business loans, and offers related services. Commercial banks also allow for a variety of deposit accounts, such as checking, savings, and time deposit. These institutions are run to make a profit and owned by a group of individuals, yet some may be members of the Federal Reserve System. While commercial banks offer services to individuals, they are primarily concerned with receiving deposits and lending to businesses.
300
what do you do when you open a checking account?
When you first open your checking account you will need to keep a running balance in order to track the amount that you have in your account.
300
What do online debit cards require?
Online debit cards require electronic authorization of every transaction.
300
What is an event management budget?
A fundamental tool for an event director to predict with reasonable accuracy whether the event will result in a profit, a loss or will break-even.
400
what is the Federal Reserve bank?
Federal Government agencies that perform many financial services. Their chief responsibilities are to regulate the banking industry and to create and implement the Nation's monetary policy by controlling the money supply—the total quantity of dollars in the country, including cash and bank deposits.
400
What is a overdraft protection?
A checking account feature in which a person has a line of credit to write checks for more than the actual account balance. Instead of getting charged about $25 for bouncing a check, overdraft protection will in effect provide the account holder with an instant loan. The interest rate will be extremely high, but if it is paid off quickly it is usually much less expensive than the bounced check fee. Some banks do charge a fee when an account balance falls below zero even if the account holder has overdraft protection, but it's still significantly less than the bounced check fee.
400
What is a prepaid debit card often used for?
Are often used for recurring payments.
400
What is a Government budget?
It is a summary or plan of the intended revenues and expenditures of that government.
500
What are Savings banks and savings and loan associations?
They finance mortgages for people to buy homes and still cater mostly to the savings and lending needs of consumers.
500
What do ATM machines offer?
ATM machines offer an option to check the current balance, while online or phone-in accounts can provide real time updates on which checks have been processed
500
What is a nother name for a debit card?
A bank card or check card
500
What are the three types of budgets?
Sales budget, Production budget