Financial Literacy Ch 5 Vocabulary Review

A demand deposit account at a bank on which checks are drawn.

• checking account
• check
• check register
• postdated check

A written order to a bank to pay a stated amount to a person or business.

• checking account
• check
• check register
• postdated check

A tool used to track checking account transactions.

• checking account
• check
• check register
• postdated check

A check written with a date that will occur in the future.

• checking account
• check
• check register
• postdated check

Money added to a checking or savings account.

• deposit
• withdrawal
• endorsement
• debit card

Taking money from your account.

• deposit
• withdrawal
• endorsement
• debit card

A signature, with or without instructions, written on the back of a check.

• deposit
• withdrawal
• endorsement
• debit card

A bank card used to withdraw or deduct money from your checking account.

• deposit
• withdrawal
• endorsement
• debit card

The use of a computer-based system to move money from the drawer’s account to the payee’s account.

• deposit
• withdrawal
• electronic funds transfer
• bank reconciliation

The process of adjusting the check register and bank statement balances so that they agree.

• deposit
• withdrawal
• electronic funds transfer
• bank reconciliation