Banking Unit VOCAB Quizs

A check that has been written but has not yet been cashed or

deposited by the payee

• Outstanding Check

• Cleared Check

• Void Check

• Postdated Check

A card that allows the holder to make purchases without cash by borrowing money.

• Debit Card

• Credit Card

• Prepaid Card

• Gift Card

A check with "VOID" written across it so that it can no longer be used

• Voided check

• Cancelled check

• Bounced check

• Stale check

Money set aside for unanticipated expenses or loss of income

• Savings Account

• Emergency Fund

• Investment Portfolio

• Retirement Fund

A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals.

• Check Register

• Transaction Log

• Bank Statement

• Expense Tracker

A digital payment method that allows you to transfer funds from your

bank account to that of another person

• Peer-to-Peer Transfer

• Person-to-Person Payment

• Bank Transfer

• Mobile Payment

A business that cashes checks and gives the customer cash in exchange for a fee for the service.

• Check Cashing Store

• Bank

• Pawn Shop

• Currency Exchange

The U.S. administration insuring deposits in U.S.credit unions against credit union failure up to $250,000 per individual depositor is managed by which organization?

• Federal Deposit Insurance Corporation (FDIC)

• National Credit Union Administration (NCUA)

• Office of the Comptroller of the Currency (OCC)

• Consumer Financial Protection Bureau (CFPB)

Inflation caused by an increase in production costs, but demand is the same.

• Demand-Pull Inflation

• Cost-Push Inflation

• Built-In Inflation

• Hyperinflation

A notification that lets you know if the balance in your checking account goes below a set amount

• Low Balance Alert

• Overdraft Notification

• Account Summary Alert

• Transaction Alert