Use the Following to Answer Questions

question 146

Multiple Choice

Use the following to answer questions:
-(Figure: Actual and Natural Rates of Unemployment) Refer to Figure: Actual and Natural Rates of Unemployment. In 2011, the natural unemployment rate was approximately:

• A) zero.
• B) 3%.
• C) 5.5%.
• D) 9%.

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Definitions:

Bank Statement

A record of an account sent to the account holder, usually on a monthly basis, showing the beginning balance, all deposits made, all checks drawn, all bank service charges and interest earned, and the closing balance.

Check Register

A record, often part of a checkbook, that allows individuals to track checks written, deposits made, and current balances.

ATM

An Automated Teller Machine, a banking terminal that allows customers to perform financial transactions, such as cash withdrawals and deposits, without the need for a human cashier.

Debit

To deduct, to charge; a charge added to existing balance.