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