Money Management

The purpose of reconciling your checkbook is to

• do extra work

• make sure that you spent enough money

• make sure you did not spend too much money

• make sure that your records match the bank's records

A plan for spending and saving is

• cash flow

• savings plan

• budget

• spending plan

an account where money is usually deposited to earn interest

• checking

• savings

• stock account

• mortgage

a check that is written but it has not cleared the bank is called

• reconciled check

• canceled check

• outstanding check

• debit card transaction

what form do you use to put money into your checking account

• check

• bank statement

• reconciliation form

• deposit ticket or slip

the _____ on a check is a reminder of why you wrote the check. You can leave this part blank

• pay to the order of line

• memo line

• account number

• signature line

a _____ endorsement means that you sign your name on the back of the check and anyone can cash it

• blank

• restrictive

• special

• all of these

a ______ endorsement means that you write "for deposit only", your account number and your signature on the back of the check

• blank

• restrictive

• special

• all of these

If you write a check for more money than you have in your account you will have a _______, which you can also call bouncing a check

• outstanding check

• interest payment

• service fee

• overdraft

your signature on a check should always be

• printed

• written in cursive

• written in ink

• both written in cursive and written in ink