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Banking
Checking
Savings
CD
Deposit
100
A written order to a bank to pay a stated amount to a person.
What is a check?
100
Money added to a checking or savings account.
What is a deposit?
100
Taking money from your account.
What is a withdrawal?
100
A signature on the back of a check.
What is an endorsement?
100
A bond's value as stated on the face of the document.
What is maturity value?
200
An account that does not meet the minimum usage requirements.
What is an inactive account?
200
A check that is returned to the payee's back due to nonsufficient funds.
What is a bounced check?
200
A check that is written with a date that will occur in the future.
What is a postdated check?
200
A sum of money set aside on which interest is paid.
What is principal?
200
A tool used to track checking account transactions.
What is a check register?
300
An instruction to the bank not to honor a check that has been issued or lost.
What is a stop payment?
300
A demand deposit in a bank on which checks are drawn.
What is a checking account?
300
A demand deposit account designed for the accumulation of money ina safe place for future use.
What is a savings account?
300
Interest earned on both principal and previously earned interest.
What is compound interest?
300
Accessing and maintining your account online.
What is Internet banking?
400
Interest computed on principal once during a certain time period.
What is simple interest?
400
A discount bond issued by the federal government.
What is a U.S. savings bond?
400
A time deposit that pays a fixed rate of interest for a specified length of time.
What is a certificate of deposit?
400
A check issued against the bank's funds.
What is a cashier's check?
400
A check used to pay bills for which money is guaranteed.
What is a money order?
500
A fixed amount set aside ona regular basis over time.
What is an annuity?
500
Writing a check and planning to make a deposit later to cover it before the check is processed.
What is floating a check?
500
A type of savings account that earns the market rate of interest on the money deposited.
What is a money market account?
500
A quick formula for computing how long it will take to double money invested at a given interest rate.
What is the Rule of 72?
500
A card tht contains a computer chip that stores electronic money.
What is a smart card?