Here are the answers for each of your questions:
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A formal relationship between you and a bank, where the bank keeps your money for you until you need it:
- Answer: Bank Account
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An account for depositing money that you want to keep:
- Answer: Savings Account
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A bank account into which you deposit money, and from which you can withdraw money by writing checks or using a debit card:
- Answer: Checking Account
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A written order that directs a bank to pay money:
- Answer: Check
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A card that allows automatic withdrawal of money you request from your checking account:
- Answer: Debit Card
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A form on which you keep track of the money you deposit or withdraw:
- Answer: Checkbook Register
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The amount of money after expenses that is left in your checking account:
- Answer: Balance
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A list of transactions in your checking account over the month:
- Answer: Account Statement
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A 24-hour electronic terminal that lets you bank almost any time to withdraw cash, make deposits, or transfer funds between accounts:
- Answer: Automated Teller Machine (ATM)
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A code you enter to use a credit card or debit card to make banking transactions like withdrawing cash, making deposits, or transferring funds between accounts from an ATM:
- Answer: Personal Identification Number (PIN)
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A type of bank deposit that typically pays higher rates of interest than a savings account, on the condition that you agree not to withdraw your money for a certain amount of time:
- Answer: Certificates of Deposit (CD)
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A payment that is electronically deposited into an individual's account:
- Answer: Direct Deposit
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Sums of money borrowed with interest:
- Answer: Loans
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Cards that represent a promise that the bank will give you credit to buy things:
- Answer: Credit Cards
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Offering to loan you money:
- Answer: Credit
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A not-for-profit bank that is owned by its members, often affiliated with some professional field or organization:
- Answer: Credit Union
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Comparing your bank statement to your checkbook register:
- Answer: Reconcile
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Verify that your checkbook register balances:
- Answer: A. Reconcile
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A group of services that allows you to obtain account information and manage certain banking transactions:
- Answer: B. Electronic Banking
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A way to manage many banking transactions on your personal computer or other electronic device by signing on to your bank's website through the Internet:
- Answer: Online Banking
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A way to manage many banking transactions on your personal computer or other electronic device by accessing your bank account through the Internet:
- Answer: Online Banking
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A system that lets you call your bank with instructions to pay certain bills or to transfer funds between accounts:
- Answer: Pay-by-Phone
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Converts a paper check into an electronic payment in a store:
- Answer: C. Electronic Check Conversion
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A debit card for use at retail store or for cash withdrawals:
- Answer: Prepaid Debit Card
Feel free to reach out if you have any more questions!
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