Chapter 3-5 Vocabulary Review

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Across
  1. 4. a written record of a special kind of savings account that earns higher interest than a regular account. You must leave the money on deposit for a specified time or be penalized for early withdrawal.
  2. 12. a written order directing the bank to deduct money from a checking account to make a payment
  3. 17. the amount of money on which interest is paid
  4. 21. the percent of the principal that you earn as interest based on one year
  5. 22. a charge by a bank for handling a checking account which sometimes can be waived if certain criteria are meet.]
  6. 24. the balance in a savings account at the end of an interest period, computed by adding the principal and interest
  7. 25. interest paid only on the original principal
  8. 26. a bank with no physical locations
  9. 28. the cost of an item expressed per unit of measurement or count
  10. 30. a record of an account sent by a bank or other business listing all transactions that have been recorded during a specified period of time
  11. 32. a special incentive to purchase a particular item where the manufacturer or store coupon is redeemed at the time of purchase
  12. 33. to spend whether by check, debit card, or electronic funds transfers in excess of the amount of money in a checking account
  13. 34. a bank with physical locations
  14. 35. a special incentive to purchase a particular item where the consumer makes a provides proof of purchase to a manufacturer in exchange for money back
Down
  1. 1. a certificate or a ticket that offers the customer a special discount on an item or service
  2. 2. a check that the bank has paid by deducting money from your account
  3. 3. the amount of money in a bank statement
  4. 5. a sales slip or cash register tape that shows the selling price of the items purchased, any sales tax, and the total purchase price
  5. 6. an umbrella term that refers to a number of different transfer methods: automated clearing house, ATMs, direct deposit, direct debit, bill payment in online banking to name a few
  6. 7. a type of bank account for parking money you do not intend to spend immediately to earn some interest until you are ready to use it
  7. 8. a type of bank account for daily spending and receiving money
  8. 9. interest earned not only on the original principal but also on the interest earned during previous interest periods
  9. 10. _______ checks or deposits are found in your check register but not on your bank statement
  10. 11. Momo, Orange, Venmo…
  11. 13. a tax on the selling price of an item or service that you purchase
  12. 14. a purchase price that is lower than the regular selling price
  13. 15. an amount of money put into a bank account
  14. 16. the amount of money paid for the use of money
  15. 18. the discount on an item expressed as a percent of its regular selling price
  16. 19. the difference between the regular selling price and the regular selling price
  17. 20. a record of the deposits made into a checking account, electronic transfers, and of the checks written
  18. 23. a check card, cheque card or bank card, is a payment card that can be used in place of cash to make purchases
  19. 27. an amount of money taken out of a savings account
  20. 29. a book given to you in which the bank records all of the deposits and withdrawals for your account and any interest earned
  21. 31. to obtain agreement between your check register and the bank statement