Unit Two Quiz

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Across
  1. 4. is charged if you ask the bank to stop the check from being paid.
  2. 6. is also called a maintenance fee. The bank might charge this monthly fee just for having the account.
  3. 11. A charge for using the ATM at your bank or at a bank other than your own. If you use another bank’s ATM that bank may charge an additional fee.
  4. 12. A special form comes with each pack of checks which helps to record all the withdrawals and deposits
  5. 17. a type of savings account with medium interest, medium deposit requirement and have time-bound withdrawals.
  6. 19. the exchange of value to
  7. 22. a fee for each check you write.
  8. 23. when an individual puts money into an account.
  9. 25. allows individuals to automate their bill payments, ensuring that payments are made on time.
Down
  1. 1. a loan specifically used to purchase real estate.
  2. 2. when an individual adds another individual to a credit card.
  3. 3. services allow individuals to cash checks quickly for a fee.
  4. 5. Also called non-sufficient funds (NSF) fees, these fees are charged when you do not have enough money in your account to cover your transactions (e.g., withdrawal, purchase, or payment).
  5. 7. when an individual takes money out of an account.
  6. 8. a charge automatically deducted from your checking account for printing checks you purchase from the bank. You can buy checks from other companies as well, choosing from many different designs.
  7. 9. account that is made for everyday withdrawals and deposits.
  8. 10. a type of savings account with high interest, timebound withdrawal limits, and require a large deposit.
  9. 13. allows you to conduct financial transactions using your smartphone or tablet.
  10. 14. A special form comes with each pack of checks which helps to record all the withdrawals and deposits
  11. 15. A card that you use purchase goods or services with your own money.
  12. 16. a savings account with low interest, little to no deposit and little to no withdrawl requirements
  13. 18. allows you to borrow money up to a specified limit to make purchases.
  14. 20. is a payment card that is preloaded with funds, allowing you to spend only the amount you have loaded onto it.
  15. 21. a paper form that you fill out allowing the business or person to take money out of your checking account.
  16. 24. a number that shows lenders your creditworthiness.