Personal Finance 2.1

_________ is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system.

• SADD

• FDIC

• The Student Council

_______ measures and procedures provided to protect cash and other assets. (e.g. verify accuracy of signatures on checks)

• Fixed Expenses

• Identity Theft

• External Controls

• Long-Term Goals

_________ holds cash deposits made by the depositor, whether a person or business, and allows them to write a check against the balance

• Check

• Deposit Slip

• Savings Account

• Checking Account

(a)   slip is a bank form used to list the cash and checks to be deposited.

_________ is an authorized signature written or stamped on the back of a check that transfers ownership of the check.

• Endorsement

• external controls

• face value

• budget

________ is the person who signs the check.

• Drawer

• Drawee

__________ is the bank on which a check is written

• Drawer

• Drawee

(a)   measures and procedures provided outside the business to protect cash and other assets

(a)   a check is when you Make a check unusable by writing the word Void in ink across the front of the check.

________ is a check paid by the bank, deducted from the depositor's account, and returned with the bank statement to the account holder

• Canceled check

• Cashier's Check

• Check

• Compund interest