Keyboarding BUSINESS 8 Finance: Money & Banking
KEYBOARDING TIP OF THE DAY The Screen
Remember to stay back in your chair and not get too close to the screen. It is important to try to reduce eye strain.
You should never be looking down at the screen
The screens, table and chairs are made for this, but we often are too busy, too involved, cant be bothered or forget Sometimes it is not you that has to move
KEYBOARDING ACTIVITY Continue on with All the Right Type (ART) for 10 minutes today
BUSINESS 8 Banking Terminology: Finance: Money & Banking
15 WORDS USED IN THE INDUSTRY Savings Account Checking Account Cheque Certified Cheque NSF Stop Payment Credit Card Debit Card Bank Reconciliation Payor Payee Outstanding Cheque Cancelled Cheque Post-dated Cheque Stale Dated Cheque
Savings account A place to save your money and earn interest A passbook is used to record your money Checking account A safe and convenient place to hold your money before use No interest is paid Cheque A written order directing a bank to pay money as instructed A promissory note
NSF Not sufficient funds This means that there is not enough money in the account that a person is trying to take money out of Stop Payment Is an action put into effect by a payor It is used to cancel a contract Certified Cheque A stamped cheque that is guaranteed by someone and cannot fail
Payor A person who wrote the cheque Payee A person who received and will cash the cheque Outstanding cheque It refers to money you owe It is a cheque that has been written but has not been cashed (reached your bank yet)
Cancelled Cheque A cheque that has completed its life cycle It is stamped "cancelled" so it cannot be re-used Post-dated Cheque A cheque that can only be used after a future date, it cannot be cashed until then Stale-dated Cheque A cheque that is over 6 months old, no longer legal or valid
Bank Reconciliation To balance your chequebook To update your records and see how much money you really have Debit Card Your own money, when it's gone it's gone, no negative balance allowed Credit Card Not your own money, it is borrowed or loaned on credit from someone (like Visa or Master Card)
1. WOULD YOU BE INTERESTED IN WORKING IN AN OFFICE OR A BANK? WHY OR WHY NOT? 2. WHAT IS ONE SKILL THAT YOU HAVE (GOOD AT), ONE SKILL THAT YOU LACK (BAD AT) AND ONE SKILL THAT YOU WANT TO IMPROVE? 3. WHAT DO YOU THINK IS THE MOST IMPORTANT SKILL FOR A SUCCESSFUL BANKER? EXIT SLIP
YOU CAN FIND MY NOTES AT UBC BLOGS UNDER MY NAME: MR VATOUGIOS CLASS NOTES