Exam (elaborations)
FINANCIAL MATH QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
- Course
- Institution
FINANCIAL MATH QUESTIONS AND ANSWERS WITH SOLUTIONS 2024
[Show more]
Content preview
FINANCIAL MATH QUESTIONS ANDANSWERS WITH SOLUTIONS 2024
Deposit - ANSWER Amount of money put into a bank account
Withdrawal - ANSWER An amount taken out of a bank account
Balance - ANSWER The amount of money in a bank account
Bank statement - ANSWER A statement from your bank listing all the transactions that have been
received on your account
Bank Reconciliation - ANSWER A statement made by you to compare the bank statement and the check
register to get an accurate balance in the account
To reconcile - ANSWER Obtain an agreement between 2 financial items by accounting for outstanding
items
Outstanding items - ANSWER A check, withdrawal, or deposit that is on your bank register but has not
yet made it through bank account
Check - ANSWER a written order directing the bank to deduct money from your checking account to
make a payment.
Checking - ANSWER a type of account that allows you to pay for goods and services with a written order
or a debit card instead of cash.
Check register - ANSWER a ledger where you record the deposits you made and the checks you've
written.
service charge - ANSWER the amount a bank charges you for handling your money transactions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Performance. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now