#### Study sets matching "banking math"

#### Study sets matching "banking math"

deposit

withdrawal

fee

register

Put a sum of money put in a bank account

Money taken out of a bank account

make a payment to (someone) in return for services

a record of withdrawals, deposits, and debts made to a bank a…

deposit

Put a sum of money put in a bank account

withdrawal

Money taken out of a bank account

Gross National Product

GNP is calculated

Inflation

Productivity

Money value of the nation's output

The total dollar value may be adjusted for the effects of inf…

Occurs whenever prices, on average, are rising

Amount of output created by a worker in a certain amount of t…

Gross National Product

Money value of the nation's output

GNP is calculated

The total dollar value may be adjusted for the effects of inf…

Interest

Transaction

Principal

Time

A sum paid or charged for the use of money or for borrowing m…

A business deal or action; exchange of money, goods, or servi…

The money originally invested or loaned, on which basis inter…

The length of a loan which is usually based on a year time fr…

Interest

A sum paid or charged for the use of money or for borrowing m…

Transaction

A business deal or action; exchange of money, goods, or servi…

1913 federal reserve act

1933 glass steagel act

1969 truth in lending act

1974 equal credit opportunity act

System of 12 federal reserve districts each with a federal re…

Authorized the creation of federal deposit insurance corp.

Provides standardized definitions of credit cost and requires…

Prohibits discrimination in granting credit

1913 federal reserve act

System of 12 federal reserve districts each with a federal re…

1933 glass steagel act

Authorized the creation of federal deposit insurance corp.

Bank Account

Bank Balance

Checking Account

Saving Account

a formal banking relationship established to provide for fina…

net funds in bank account

account allows you to write an instruction to the bank, as a…

account enable you to earn interest for money you place, or d…

Bank Account

a formal banking relationship established to provide for fina…

Bank Balance

net funds in bank account

Interest

Transaction

Principal

Time

A sum paid or charged for the use of money or for borrowing m…

A business deal or action; exchange of money, goods, or servi…

The money originally invested or loaned, on which basis inter…

The length of a loan which is usually based on a year time fr…

Interest

A sum paid or charged for the use of money or for borrowing m…

Transaction

A business deal or action; exchange of money, goods, or servi…

Deposit

Interest

transactions

cheque

putting money into your account

a fee, charged for borrowing money, a percent of money earned…

everything you do with your bank, whether its money in or mon…

money or paper that can be cashed

Deposit

putting money into your account

Interest

a fee, charged for borrowing money, a percent of money earned…

money

bank

budget

saving

something that lets us buy things we want. It is made up of c…

a place that looks after people's money for them and keeps it…

a plan on how you will spend the money you earn. It includes…

not spending your money straight away, but putting it away so…

money

something that lets us buy things we want. It is made up of c…

bank

a place that looks after people's money for them and keeps it…

Income

Deposit

Withdrawal

Balance

The amount of money made in a given period of time

Putting money into a bank

Taking money out of a bank

The amount of money in your account after deposits/withdrawals

Income

The amount of money made in a given period of time

Deposit

Putting money into a bank

Account

Example of Account

ATM

Bank

An amount of money deposited with a bank

As in a checking or savings account

An electronic banking machine that dispenses cash, accepts de…

Where money is stored

Account

An amount of money deposited with a bank

Example of Account

As in a checking or savings account

Interest

Interest Rate

Compound Interest

Principal

The fee someone pays to be able to borrow money

The percent of interest you either make or pay on a principal

Interest that is generated not only from the money you put in…

Sum of money you put into an account or the amount of money (…

Interest

The fee someone pays to be able to borrow money

Interest Rate

The percent of interest you either make or pay on a principal

ATM

Bank

Debit Card

Direct Deposit

Automated teller machine: permits the customer to make transa…

service institutions set up to provide businesses and indiviu…

can be used like a credit card, but money is deducted directl…

funds are deposited directly/electronically, usually for payr…

ATM

Automated teller machine: permits the customer to make transa…

Bank

service institutions set up to provide businesses and indiviu…

BANK

FDIC

GLASS-STEAGALL ACT

INTREST

a business which deals with financial transactions

Federal Deposit Insurance Corporation, requires bank to follo…

created FDIC in 1933

when the bank may pay you for the use of your money, if borro…

BANK

a business which deals with financial transactions

FDIC

Federal Deposit Insurance Corporation, requires bank to follo…

Balance

Bank Charges

Branch

Checkbook

the difference between credits and debits in an account

money paid to a bank for the bank's services etc.

local office or bureau of a bank

book containing detachable checks; chequebook (UK)

Balance

the difference between credits and debits in an account

Bank Charges

money paid to a bank for the bank's services etc.

Cheking Account

Checks

Statement

Account Balance

An accout that allows customers to saftly store money in the…

A written order to a bank to pay a specific amount of money t…

Is a summary of the account balance.

The amount of money in the account at a given time.

Cheking Account

An accout that allows customers to saftly store money in the…

Checks

A written order to a bank to pay a specific amount of money t…

Bank Statement

APR

Bounced Check

Checking Account

A monthly summery that shows the funds paid out by or paid in…

Annual Percentage Rate. The total amount of interest paid by…

A check that is rejected because there is not enough money in…

An account that is used to pay bills and funds.

Bank Statement

A monthly summery that shows the funds paid out by or paid in…

APR

Annual Percentage Rate. The total amount of interest paid by…

Balance

bank statement

canceled check

cashier's check or bank check

the amount of money held in a bank account at a given time

a bank listing of checks paid, deposits and service charges

check which the bank has paid and returned with your statement

a check drawn on the funds of the bank

Balance

the amount of money held in a bank account at a given time

bank statement

a bank listing of checks paid, deposits and service charges

bounced check

canceled check

cashier's check

deposit

a check written for an amount more than in your account

a check which has been paid by the bank

banks own check drawn against the banks account

an amount of money added to an account

bounced check

a check written for an amount more than in your account

canceled check

a check which has been paid by the bank

Account

Checks

Bank routing number

Bank account number

allows costumers to safely store money in the bank and write…

written order to a bank to pay a specific amount of money to…

bottom left number on a check

middle number on bottom of check

Account

allows costumers to safely store money in the bank and write…

Checks

written order to a bank to pay a specific amount of money to…

Income

Deposit

Withdrawal

Balance

The amount of money made in a given period of time

Putting money into a bank

Taking money out of a bank

The amount of money in your account after deposits/withdrawals

Income

The amount of money made in a given period of time

Deposit

Putting money into a bank

Bank

deposit of $10,000 or more

credit union

checking account

financial institutions that are licensed to receive deposits…

must be reported to the IRS under the US Department of the Tr…

offer higher interest on deposits and charge less on loans th…

a financial account that generally allows funds to be used fo…

Bank

financial institutions that are licensed to receive deposits…

deposit of $10,000 or more

must be reported to the IRS under the US Department of the Tr…

Checking Account

Deposit

Withdrawal

Debit Card

A type of bank account in which users may add or remove money.

To add money to a bank account.

To remove money from a bank account.

A card that allows a buyer to make purchases immediately remo…

Checking Account

A type of bank account in which users may add or remove money.

Deposit

To add money to a bank account.

adjacent angles

complementary angles

exterior angle of a triangle

hypotenuse of a right triangle

angles that share a common vertex and a common side and that…

if the sum of their measures is 90 degrees

an angle formed by a side of the triangle and an extension of…

the side of the triangle opposite to the right angle

adjacent angles

angles that share a common vertex and a common side and that…

complementary angles

if the sum of their measures is 90 degrees

The original price of a shirt was $20.…

A store is offering discounts on short…

You are asked to invest $5,000 for two…

When reconciling as the bookkeeper, de…

25%

$32.30

$804.75

b. Deducted from the bank balance

The original price of a shirt was $20.…

25%

A store is offering discounts on short…

$32.30

Compare and contrast commerical banks…

What are the four main services offere…

What is an overdraft and can you buy p…

List 4 items you would put in a safe d…

Comnercial banks have many setvices, lots of branches, high f…

Savings account, loans, checking account, and CD's

Its when you write a check but there is not enough money in y…

Jewels, birth certificate, social security card, important do…

Compare and contrast commerical banks…

Comnercial banks have many setvices, lots of branches, high f…

What are the four main services offere…

Savings account, loans, checking account, and CD's

Interest

Transaction

Compound Amount

Compound Interest

Money paid to an individual or institution for the privilege…

Something that has to be recorded, such as a deposit or withd…

The total money in the savings at the end of the last interes…

The difference between the original principal and the compoun…

Interest

Money paid to an individual or institution for the privilege…

Transaction

Something that has to be recorded, such as a deposit or withd…

rule of 72

I

P

R

how long it takes an investment doubles (72/interest rate in…

interest (how much the bank pays you)

principal (original amount)

interest rate (decimal form)

rule of 72

how long it takes an investment doubles (72/interest rate in…

I

interest (how much the bank pays you)

Banks

Savings and Loan

Credit Unions

Checking account

community, regional or national for-profit business corporati…

specialize in real estate financing and are governed by an el…

non-profit financial cooperatives owned by their members and…

a bank account against which the depositor can drawn checks p…

Banks

community, regional or national for-profit business corporati…

Savings and Loan

specialize in real estate financing and are governed by an el…

Account number

Bank statement

Statement period

Starting balance

he primary identifier for ownership of an account, whether a…

a printed record of the balance in a bank account and the amo…

summary of financial transactions which have occurred over a…

the amount of money in a checking account at the beginning of…

Account number

he primary identifier for ownership of an account, whether a…

Bank statement

a printed record of the balance in a bank account and the amo…

annual

simple interest

compound interest

initial amount

Year or every year

Earnings are paid on a fixed amount of money or principal

Earnings calculated on original amount and accumulated

The original amount of money you started with

annual

Year or every year

simple interest

Earnings are paid on a fixed amount of money or principal

Interest

Principal

Rate

Simple interest

fee changed to a borrower for the use of money loaned

amount of money loaned

percent of interest charged for money loaned

constant fee charged for the use of money loaned

Interest

fee changed to a borrower for the use of money loaned

Principal

amount of money loaned

alternate

interior

supplementary

vertical

two angles both exterior or interior,that are on the opposite…

internal; inside the parallel lines

two angles that equal 180 degrees

across from each other at the vertex

alternate

two angles both exterior or interior,that are on the opposite…

interior

internal; inside the parallel lines

Reflexive

Symmetric Property

Transitive Property

Substitution Property

reflect upon... ex: m<A=m<A

flip them... ex: a=b the b=a

ex: a=b, b=c, then a=c

If a=b then a can be substituted for b or b for a in any equa…

Reflexive

reflect upon... ex: m<A=m<A

Symmetric Property

flip them... ex: a=b the b=a

Why keep money in a bank?

What does FDIC stand for?

Most Credit Unions are insured by the…

Financial institution run under Federa…

Safety, convenience, security, cost, financial future

Federal Deposit Insurance Corporation

NCUA (National Credit Union Administration

Banks

Why keep money in a bank?

Safety, convenience, security, cost, financial future

What does FDIC stand for?

Federal Deposit Insurance Corporation

Whole Numbers

Real Numbers

Integers

Rational Number

all positive numbers and zero, not including fractions or dec…

all numbers found on the number line, positive or negative, w…

all positive and negative numbers and zero, not including fra…

a real number that can be made by dividing two integers.

Whole Numbers

all positive numbers and zero, not including fractions or dec…

Real Numbers

all numbers found on the number line, positive or negative, w…

Scale Model

Ratio

Scale Drawing

Cross Products Property

A three-dimesional model of a real life object

A comparison of two numbers using the same units

A two-dimensional model of a real life object

The method we use to solve a proportion

Scale Model

A three-dimesional model of a real life object

Ratio

A comparison of two numbers using the same units

Whole Numbers

Real Numbers

Integers

Rational Number

all positive numbers and zero, not including fractions or dec…

all numbers found on the number line (positive or negative wh…

all positive and negative numbers and zero,not including frac…

a real number that can be made by dividing two integers

Whole Numbers

all positive numbers and zero, not including fractions or dec…

Real Numbers

all numbers found on the number line (positive or negative wh…

Available Balance

ATM/Debit cards

Checking Account

Debit

The current balance in an account,minus any holds

The amount of your purchase or withdraw is taken out of your…

A checking account is a safe and convenient way for you to pa…

Charge, or a withdraw, or a subtraction

Available Balance

The current balance in an account,minus any holds

ATM/Debit cards

The amount of your purchase or withdraw is taken out of your…

hematocrit

total blood volume

what calculations are dependent on pla…

hemoglobin

fraction of blood composed of red blood cells (volume percent…

plasma and packed red blood cells

hemoglobin and hematocrit... if patient is dehydrated (lower pl…

g/dL... roughly 3 x rbc = hgb or hct/3 = hgb... usually measured b…

hematocrit

fraction of blood composed of red blood cells (volume percent…

total blood volume

plasma and packed red blood cells

Explicit rule

Function

Inductive reasoning

Linear function

An output value for each given input value

A rule that assigns to each input value exactly one output va…

Form of reasoning in which the conclusion is supported by the…

A straight line on a graph

Explicit rule

An output value for each given input value

Function

A rule that assigns to each input value exactly one output va…

multiplication

addition

division

subtraction

an arithmetic operation that is the inverse of division

the arithmetic operation of summing

an arithmetic operation that is the inverse of multiplication

an arithmetic operation in which the difference between two n…

multiplication

an arithmetic operation that is the inverse of division

addition

the arithmetic operation of summing

balance

interest

deposit

withdraw

amount in your account

money bank pays you for your money. and money you pay bank fo…

to put money IN an account

to take money Out

balance

amount in your account

interest

money bank pays you for your money. and money you pay bank fo…

Association

Bivariate data

Categorical data

Frequency table

A relationship between the variations so that variation are d…

Data that has two variables

Data sorted into categories colors and measurements

Table that list items and numbers of times they occur

Association

A relationship between the variations so that variation are d…

Bivariate data

Data that has two variables