BUSINESS MATH- UNITS 4 AND 5
REVIEW DAY TERMS EXAM QUESTIONS
AND ANSWERS
assessed value - ANSWER-a percentage of the market value of real estate
deposit slip - ANSWER-form used by the depositor to add money to an account
tip - ANSWER-money given to show appreciation for a service done
net pay - ANSWER-pay after deductions
market value - ANSWER-the rue value of real estate
register - ANSWER-checking records
transit number - ANSWER-the number on a check that identifies the check
reconcile - ANSWER-to make the checkbook register and bank statement agree
proceeds - ANSWER-the amount of money you receive in a discount loan
debit card - ANSWER-used to automatically transfer the amount of a sale to the store
amount financed - ANSWER-amount remaining to be paid after the down payment is
made
balance - ANSWER-amount of money in an account
installment loan - ANSWER-a loan where equal payments, usually monthly, are made
over a specified period of time
check - ANSWER-an order for a bank to pay for money
mills - ANSWER-property tax rate expressed in units per thousands
gross pay - ANSWER-pay before deductions
commission - ANSWER-percentage of a sale
canceled check - ANSWER-check cashed by the bank
REVIEW DAY TERMS EXAM QUESTIONS
AND ANSWERS
assessed value - ANSWER-a percentage of the market value of real estate
deposit slip - ANSWER-form used by the depositor to add money to an account
tip - ANSWER-money given to show appreciation for a service done
net pay - ANSWER-pay after deductions
market value - ANSWER-the rue value of real estate
register - ANSWER-checking records
transit number - ANSWER-the number on a check that identifies the check
reconcile - ANSWER-to make the checkbook register and bank statement agree
proceeds - ANSWER-the amount of money you receive in a discount loan
debit card - ANSWER-used to automatically transfer the amount of a sale to the store
amount financed - ANSWER-amount remaining to be paid after the down payment is
made
balance - ANSWER-amount of money in an account
installment loan - ANSWER-a loan where equal payments, usually monthly, are made
over a specified period of time
check - ANSWER-an order for a bank to pay for money
mills - ANSWER-property tax rate expressed in units per thousands
gross pay - ANSWER-pay before deductions
commission - ANSWER-percentage of a sale
canceled check - ANSWER-check cashed by the bank
