Bank Transactions and Account Balances

Front

What is a bank transaction?

Back

A bank transaction is any activity that involves the movement of money into or out of a bank account, such as deposits, withdrawals, and transfers.

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What does it mean to deposit money?

Back

To deposit money means to add funds to your bank account.

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Front

What does it mean to withdraw money?

Back

To withdraw money means to take funds out of your bank account.

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If your account balance is $500 and you deposit $100, what is your new balance?

Back

$600

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If your account balance is $200 and you withdraw $50, what is your new balance?

Back

$150

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CCSS.7.NS.A.1C

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What is a check register?

Back

A check register is a record of all transactions in a bank account, including deposits, withdrawals, and the current balance.

Front

What is the purpose of a bank statement?

Back

A bank statement summarizes all transactions in a bank account over a specific period, showing deposits, withdrawals, and the ending balance.

Front

If you have $100 in your account and you make a $30 withdrawal, how much will you have left?

Back

$70

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What is the formula to calculate the new balance after a deposit?

Back

New Balance = Old Balance + Deposit Amount

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Front

What is the formula to calculate the new balance after a withdrawal?

Back

New Balance = Old Balance - Withdrawal Amount

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