Vocab Definitions (say the term!)
This is a negative or a minus from your bank account
What is a withdrawl
This is what the acronym MMA stands for
What is Money Market Account
This type of transaction is a positive into your bank account
What is deposit
This is the writing utensil you must use to write a check
What is a black or blue ink pen
This is the multiplication to hourly wage working overtime
What is 1.5x
This is the demand deposit account for the accumulation of money
What is a savings account
This is what the acronym CD stands for
What is a certificate of deposit
This article must be between the written dollars and cents
This is needed for minors under 18 years old who wish to open a savings account
What is a guardian
This is the number of pay periods someone earning a salary will get in a year
What is 12
This is the term that is the money set aside on which interest is paid
What is principal
This is what the acronym IRA stands for
What is an individual retirement account
This is the spot on the check where you write the reason for the check
What is the memo
This is the six letter word that follows "on" that defines the main difference of checking accounts from savings accounts
What is demand
Thhis is the form that determines how much federal tax is withheld from your paycheck
What is the W-4 form
This is the definition for how fast you can turn an investment into cash
What is liquidity
This is what the acronym FDIC stands for
What is the Federal Deposit Insurance Corporation
You do this when you wish to receive cash back from a deposit
What is a signature
What are the three responsibilites of having a bank account?
What is maintain your balance, monitor your account, know your rights
This is the type of payment where the government gives you service. For example: Medicare, Medicaid or Food Stamps
What is in-kind payments
This is what you would call the charge given when you spend over the amount in your account
What is an overdraft fee
This is what the acronym NCUA stands for
What is the National Credit Union Administration
This is the number of spots to write a deposit amount including the cash slot
What is 4
This three letter name is the overarching title for accounts like savings and checking
What is demand deposit accounts
This is the type of federal student loan that is not financial need based and interest starts right away
What is unsubsidized