Banking
the current amount of money
What is the balance?
a business that charges customers for money-related services
What is a bank?
What is a loan?
What is an economy?
An account that usually earns interest and is often used to hold money.
What is a savings account?
A card that allows the holder to buy goods and services by taking out a bank loan
What is a credit card?
A fee received or paid for the use of money
What is interest?
A company that sells goods and services
What is a business?
a machine that allows bank customers to deposit or withdraw money without visiting their bank
What is an ATM (automated teller machine)?
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services
What is a debit card?
A business agreement
What is a transaction?
Things that are owned by specific people
What is private property?
A bank safe where documents, jewelry, or other valuables are kept.
A service that allows customers to perform banking activities over the internet
What is online banking?
A written order to a bank to pay a certain amount of money from a checking account to another person or business
What is a check?
The study of governments, public processes, and the rights and duties of citizenship
A bank that is owned by its members instead of a company
What is a credit union?
payment that is made online or using an app that allows the user to automatically debit a bank account or charge a credit card
What is an electronic payment?
A bank account used to pay bills and access funds using checks, debit cards, and electronic payments
What is a checking account?
Businesses that provide money-related services. (Such as banks and credit unions)
What is a financial institution?