ANSWERS

Vocabulary review

 

4 bounced check     1.   Changes in the account balance, including deposits, withdrawals, 

                                         checks cashed, service fees

  6 debt                       2.  The total amount in your account.           

11 NSF                       3.  The amount of money to be paid to a person or business for 

                                           services or products.

  5 budget                   4.  A check the bank returns to payee unpaid because the account did 

                                          not contain enough money to cover it.

  1 activity                   5.  A plan of how much to spend and what it will be spent on.

  2 balance                 6.  Money owed to someone as a result of borrowing (a loan).

12 payee                    7.   To offer something at a reduced price

13 product                  8.  The price charged for a service.

15 register                  9.   Money that is received from for working.

16 service                 10.  With a loan, it is a fee lenders charge for the use of their money--

                                           also it is a fee banks pay depositors for the use of their money.

  3 bill                         11. Not Sufficient Funds-a polite way of saying the check bounced-

                                           not enough money in the account.

  7 discount                12.  The person or company you wrote the check to.

  8 fee                         13.  Something made, found, or bought that can be sold for profit.

17 transaction            14.  The money left over after paying all bills and expenses.

  9 wages                    15.  In your checkbook, it is a printed form used to record your             

                                             transactions.

10 interest                   16.  Work done for others; the attitude of working for others willingly.

14 profit:                      17.  Any change made in your account, such as a deposit or withdrawal.

 

VOCABULARY REVIEW