FCS: Money Management Review

Accounts that allow you to withdraw a sum of money by writing a check or using a debit card are:

• Checking accounts

• Credit accounts

• Money market accounts

• Savings Accounts

These offer the flexibility of banking at any time, located in convenient locations are:

• Account statements

• Savings and loan associations

• Commercial banks

• Automated teller machines

A check written when there is not enough money in the account to cover it.

• Overdraft

• Direct deposit

• Statement

• Reconcile

Accounts that pay various amounts of interest are:

• Checking accounts

• Credit accounts

• Savings accounts

• Money market accounts

Signing your name on the back of a check is called:

• Investing

• Saving

• Endorsing

• Reconciling

A monthly, bi-monthly or quarterly summary of a checking account is:

• Overdraft

• Endorsement

• Automated teller machine

• Account statement

A method of transferring money into an account through electronic means is a:

• Direct deposit

• Overdraft

• Electronic banking

• Automated banking

The process of comparing the account statement or register to make sure they match is:

• Endorsing

• Reconciling

• Loans

• Electronic banking

A common advantage of using credit is:

• request to view her or his credit file

• use an ATM several times a month

• lower cost for items purchased

• able to buy needed items now

Utility companies commonly offer ____ credit.

• retail.

• installment.

• single payment.

• revolving.