Personal Finance/ Check Writing

This account allows you to deposit money at a bank for safekeeping.

• Saving Account

• Checking Account

• Bill Account

• Casino Account

This is the cost of using some other person's or bank's money.

• Interest

• Bill

• Principal

• Credit

This account allows you to withdraw money, pay a bill, or make purchases easily.

• Checking Account

• Savings Account

• Market Money Account

• CD Account

This is a written request to your bank to take money from your account & pay it to someone else.

• Check

• Telephone Call

• Text

• Email

The action enters money into an account.

• Deposit

• Withdrawal

• Loan

• Deduction

The action enters money into an account.

• Deposit

• Withdrawal

• Loan

• Deduction

This action removes money from an account, either at the bank or an ATM.

• Withdrawal

• Deposit

• Loan

• Credit

Orrin had $541.06 in his checking account, and a check that he wrote to his landlord for $560.00 was just deposited.
This will result in which of the following fees?

• overdraft fees

• service fees

• atm fees

• over spending fee

At the beginning of this month, the balance of Vance's checking account was $697.96. So far this month, he has received a paycheck via direct deposit of $962.88, been charged a monthly service fee from his bank of $25.00, used a debit card linked to his account to make a purchase of $83.12, written a check for $138.83 that has already been deposited, and deposited a check written to him for $71.17. What is the current balance of Vance's checking account?

• $1620.38

• $1510.06

• $1485.06

• $787.10

The total amount you earn BEFORE any deductions are subtracted is called __________ pay.

• Bonus

• Gross

• Incentive

• Net