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The amount of money available in an account is usually referred to as the "balance" of the account.

The cash balance may be positive or negative.

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Q: What is the term for the amount of money you have in your account?
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Is the amount of money in your checking account called your allowance?

No, the proper banking term is balance for an amount in a checking account.


Do term deposit rates pay more interest than a conventional savings account?

"Yes, term deposit rates do pay more interest than a conventional savings account because you basically lock in your money to this account for a fixed amount of time, assuring your bank that you will not withdraw the money in the set amount of time."


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Account balance refers to the amount of money present/used in your account at the end of the day. for a bank account it could be the amount of money present in your account. In case of a credit card, it could be the amount of money used in that billing cycle till that date.


What is an account balance?

Account balance refers to the amount of money present/used in your account at the end of the day. for a bank account it could be the amount of money present in your account. In case of a credit card, it could be the amount of money used in that billing cycle till that date.


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The amount of money in a bank account never changes.


The amount of money in a bank account is called what?

account balance


What is liabillity on an account?

The amount of money that is owed.


Is the amount of money put into an account.?

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What is the amount of money put into an account?

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Is the amount in the pf account half of the actual amount?

No. Not at all. The amount in the PF account equals all the money that was deposited into it + interests


What are the advantages of having Banks?

It allows consumers to save their money for long-term uses in saving accounts, and such. Also allows banks to offer cheques; this is where chequing accounts are used, for the amount of money written on a cheque is the amount of money taken out of your chequing account.


What is the least amount of money you can put into an I tunes account?

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