For the Week ending 07/02/2004
Directions: Choose the word that matches with the definition and appropriately fits into the blank space in the sentence.
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An arrangement that moves money at certain specified times, often monthly, from an interest-bearing or savings account into a non-interest, usually checking, account for the payment of checks or other drafts
She receives her paycheck by _______. |
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The difference between the interest rate a bank charges a borrower and the interest rate a bank pays a depositor
Changes in interest rates affect the ______. |
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A checking account feature that authorizes a bank to keep the originals of canceled checks instead of returning them with a statement
She didn't want her old checks, so she decided on the _______ option. |
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Encryption software that conducts secure transactions online in a fashion that resembles using a physical wallet
He used his ______ to make the online purchase. |
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The amount of time the bank takes to clear - or reject (bounce) - a check for payment.
He had to wait for the money to ______ before using it. |