1. Deposits pp. 166-168 4-1 SECTION

2. Click to edit Master text styles Second level Third level Fourth level Fifth level 2 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 2 of 15 4-1 deposit (p. 166) Money put into a bank account. automatic teller machine (ATM) (p. 166) A bank machine that allows you to deposit or withdraw money electronically using a card. Key Words to Know

3. Click to edit Master text styles Second level Third level Fourth level Fifth level 3 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 3 of 15 4-1 personal identification number (PIN) (p. 166) A personal number on a bankcard that gives you access to your bank account electronically. Key Words to Know

4. Click to edit Master text styles Second level Third level Fourth level Fifth level 4 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 4 of 15 4-1 Total Deposit = (Currency + Coin + Checks) – Cash Received Formula

5. Click to edit Master text styles Second level Third level Fourth level Fifth level 5 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 5 of 15 4-1 Marissa Miller makes a deposit at an ATM. She has a check for $235.42 and a check for $55.47. She would like to receive $40 in cash and deposit the rest in her checking account. What is her total deposit? Example 1

6. Click to edit Master text styles Second level Third level Fourth level Fifth level 6 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 6 of 15 4-1 Step: Compute the total checking account deposit. (Currency + Coin + Checks) – Cash Received ($235.42 + $55.47) – $40.00 = $250.89 Example 1 Answer

7. Click to edit Master text styles Second level Third level Fourth level Fifth level 7 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 7 of 15 4-1 Bret Favre has checks for $435.20, $271.19, and $327.96. He has cash consisting of 15 one-dollar bills, 7 five-dollar bills, 3 ten- dollar bills, 24 quarters, 5 dimes, 15 nickels, and 14 pennies. He would like to keep $75 in cash. What is his total deposit? Example 2

8. Click to edit Master text styles Second level Third level Fourth level Fifth level 8 SECTION Copyright © Glencoe/McGraw-Hill MBA, Section 4-1, Slide 8 of 15 4-1 Step: Compute the total deposit. Currency: $15 + (7 × $5) + (3 × $10) = $80 Coins: (24 × $0.25) + (5 × $0.10) + (15 × $0.05) + $0.14 = $7.39 Checks: $435.20 + $271.19 + $327.96 = $1,034.35 ($80 + $7.39 + $1,034.35) – $75 = $1,046.74 Example 2 Answer

9. Deposits 4-1 END OF SECTION Homework PG 167-168: # 1-16