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Chapter 5 Vocabulary ReviewPersonal Finance Chapter 5 Vocabulary Review
A bank card that lets the owner make purchases from an ATMDebit card
Money electronically added to an account; no currency or paper checks are involvedAutomatic deposit
Interest that is earned on both principal and interest previously earned on savingsCompound interest
Money deducted from an account and electronically transferred to another personAutomatic withdrawal
A demand deposit that allows the account holder easy access to the money and allows checks to be written on the account Checking account
A check that is returned by the bank for non-sufficient funds; also called a bad checkBounced check
A record in which transactions of a checking account are keptCheckbook register
A check issued by the bank against bank fundsCashier’s check
A written order to a bank to pay the stated amount to the person or business named on the check from a certain account check
A deposit of money set aside for a fixed amount of tie at a fixed interest rateCertificate of deposit (CD)
A bank service that directs the bank not to honor a check you wrote or lostStop payment
Money added to a checking, savings, or other accountdeposit
A demand deposit that has some restrictions as to how quickly or easily you can get your moneySavings account
The rate banks are charged to borrow money from the Federal ReserveDiscount rate
A math formula that calculates how long it will take for money earning a set rate of interest to double Rule of 72
A signature or instructions written on the back of a check authorizing a bank to cash or deposit the check endorsement
An amount of money that is set aside (saved or invested) on which interest is paidprincipal
The rate at which banks can borrow money from the excess reserves of other banksFederal funds rate
The interest rate that banks charge to their most creditworthy business customers, such as corporations Prime rate
Actions taken by the federal reserve to influence money and credit conditions in the economy in an effort to affect employment levels and prices Monetary policy
A check written with a date that will occur in the futurePostdated check
A type of prepaid check that directs payment of a sum of cash to a payeeMoney order
A discount savings bond issued by the US governmentUS Savings Bond
Chapter 9 Review. Parts of a Check 7 89 Date line Payee Numeric amount Written amount Memo Signature Check # Bank routing and account #’s.
Main New Question Answer Jeopardy Accounting Chapter 5 Jeopardy Accounting Chapter 5 Completion $100 $200 $300 $400 $500 Multiple Choice $100 $200 $300.
Financial Services and Institutions Name____________________ 1.
How to Manage Your Cash › Daily Cash Needs Lunch, movies, gas, or paying for other activities Carry cash Go to an ATM Credit Card Know pros.
© Thomson/South-WesternSlideCHAPTER 231 BANKING AND CREDIT 23.1Financial Institutions 23.2Checking Accounts 23.3Credit and Its Use Chapter 23.
$$$$$$$ Know your Money! Financial Institutions and Services.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 17 SLIDE Banks and Other Financial Institutions 17-2.
Chapter 4 Money Management Managing Checking and Savings Accounts –Checking and savings accounts are the foundation of financial asset management –Cash.
Chapter 3, section 5 Money Market & CD Accounts. I can… Calculate interest earned on special savings accounts Calculate the penalty for early withdrawals.
Money on demand! The Checking Account
FINANCE Chapter 9 Checking Accounts and Other Banking Services.
Instructions for using this template. Remember this is Jeopardy, so where I have written “Answer” this is the prompt the students will see, and where.
Banking Jeopardy Double Jeopardy Banking Terms Electronic Banking Savings Accounts Signing.
Banking and Finance Business and Computer Science Mr. Dukes.
Chapter 5 The Banking System
Copyright 2007 Thomson South-Western Chapter 5 Banking Procedures.
Common payment services What are the common payment services provided by financial institutions? 1.
Chapter 3 Banking Services
Financial Literacy Vocabulary Terms How is money used in society? How do I pay for goods and services? How do I keep track of my saving and spending? 1.
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