FM Midterm Vocabulary Practice

Front

What is online banking?

Back

Online banking allows you to view your account, pay bills, and transfer money anytime.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is a checking account?

Back

A deposit account held at a bank that gives you convenient access to your money.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a bank statement?

Back

A document from your bank that lists all activity in your account.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is double time?

Back

An overtime pay rate that is twice the regular hourly rate.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is net pay?

Back

The amount of money you have left after your employer subtracts all tax withholdings and personal deductions from your gross pay.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is a savings account?

Back

A deposit account that typically earns interest and is used for saving money.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is gross pay?

Back

The total amount of money earned before any deductions are made.

Tags

CCSS.6.NS.B.3

Front

What is a certificate of deposit?

Back

A savings account with a fixed interest rate and fixed date of withdrawal.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

What is direct deposit?

Back

An electronic transfer of a payment directly from the payer to the recipient's bank account.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

What is time and a half?

Back

An overtime pay rate that is one and a half times the regular hourly rate.

Tags

CCSS.6.RP.A.3B