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Banking Basics Review at PL

  •  English    38     Public
    vocabulary,
  •   Study   Slideshow
  • What is a bill?
    A Bill is an amount of money that must be paid for goods or services.
  •  15
  • What are utilities?
    Utilities are a collective word for electric, gas and water services.
  •  20
  • Money owed for an apartment or house that you do not own.
    Rent
  •  15
  • Monthly payment that you owe the bank for your home until it is paid off is called...?
    Mortgage
  •  20
  • An expense that is the same amount every month (ex. rent)
    Fixed
  •  15
  • An expense that is a different amount every month (ex. gas bill)
    Variable
  •  15
  • The account a person uses to pay bills or for everyday expenses.
    checking account
  •  15
  • A piece of paper that directs money to be taken out of your checking account and paid to an individual or business.
    check
  •  15
  • In regards to a check register, money deposited into your checking or savings account will that be a credit or debit. .
    credit
  •  15
  • In regards to a check register, money coming out of your checking or savings account
    debit
  •  15
  • When a person writes checks for more than the current balance of their checking account.
    overdraw
  •  15
  • A card that draws money directly out of your checking account.
    debit card
  •  15
  • a card that allows you to make a purchase now and pay for it later.
    credit card
  •  15
  • A document used to keep track of your deposits and withdrawals from your checking account.
    Check register
  •  15
  • This is the account that you use to pay your monthly bills and where your paycheck is deposited.
    checking account
  •  15
  • This type of account is where you keep money you do not intend on spending on monthly expenses.
    savings account
  •  15