Business Vocab

2. The cost for one item or measurement that allows it to be easily compared to other products to evaluate which is a better deal
6. Money you put into your account
7. a handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of Atm/debit card transactions
10. To write a future date on a check
11. Original amount of money saved or invested, separate from interest or earnings
12. A measurement of your assets, minus your liabilities; also called net worth
13. Automatic Teller Machine
16. To compare your bank's monthly account statement with your own records of activity for the same account
17. A term used to describe a person who does not use or does not have access to traditional financial services
18. a sum of money deposited into an account

1. A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
2. A term used to describe a person who has a bank account, but often relies on alternative financial services such as check cashing
3. a written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee
4. a sum of money deducted from your account
5. An electronic communication that moves funds from an account in one bank to an account in a different bank instantly. It is a useful option to send money securely when the two parties are not in the same geographic location.
8. amount of money you have in your bank account
9. To sign the back of a check made out to you so it can be cashed or deposited
11. The person to whom the check is made payable
14. The rate at which the price of goods increases and consumer purchasing power decreases over time
15. Personal Identification Number needed to use an ATM card