Business 8
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Transcript of Business 8
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
HTTPS://BLOGS.UBC.CA/MRVATOUGIOS/
CLASS NOTES