Chapter 5 Assessment

Front

A written order to a bank to pay a stated amount to a person

Back

check

Front

A demand deposit account on which checks are drawn

Back

checking account

Front

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

Back

debit card

Front

A tool used to track checking account transactions

Back

check register

Front

money added to a checking account

Back

deposit

Front

a signature written on the back of a check

Back

endorsement

Front

the action of taking money out of a banking account

Back

withdrawal

Front

Interest earned on both principal and previously earned interest

Back

compound interest

Front

interest computed on principal once during a certain time

Back

simple interest

Front

A demand deposit account designed for the accumulation of money in a safe place for future use

Back

savings account