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Question

ATM
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Account balance
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budget and banking

QuestionAnswer
ATM a machine that dispenses cash or performs other banking services when an account holder inserts a bank card.
Account balance the amount of money present in your financial repository, savings or checking account
Bank Reconciliation process that explains the difference on a specified date between the bank balance shown in an organizations bank statment
Budget an estimate of income and expenditure for a set period of time
Checking Account an account at a bank against which checks can be drawn by the account depositer
Check Register record of transactions in a checking account. keeps track of how much money you have in your checking account.
Credit Union a non profit making money cooperative whose members can borrow from pooled deposits at low interest rates
Debit Card a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase
Deposit a sum of money placed or kept in a bank account
Direct Deposit the electronic transfer of a payment directly from the account of the payer
Endorse declare ones public approval on the back of a check to make it payable
Expense the cost required for something, the money spent on something
FDIC federal deposit insurance corporation
Fees
Financial Literacy
Financial Security peace of mind and you feel when you aren't worried about your income being enough to cover expenses
Fixed Expense an expense whose total amount does not change when there is an increase in an activity such as sales or production
Income the amount of money you make for yourself working
Interest
Loan Overdraft
Memo
Needs
Non-sufficient funds
Online Banking
Payee
Payer
Reconcile
Savings
Variable Expenses
Wants
Withdrawl
Created by: zgeiogamah20
Popular Finance sets

 

 



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