Financial Literacy 1
A machine that allows bank customers to deposit or Withdraw money without visiting a bank.
ATM
The current amount of money in an account
Balance
An account that usually earns interest and is often used to hold money that is not needed right away.
Savings account
Things that are owned by specific people.
Private Property
A card that allows the holder to buy goods and services by taking out a bank loan
Credit card
A company that sells goods or services
business
A business that charges customers for money-related services.
Bank
Payment made online or using an app that allows the user to automatically debit a bank account or charge a credit card without having to use that debit or credit card.
Electronic Payment
A bank safe where documents, jewelry, or other valuables are kept.
Safe deposit box
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services.
Debit card
a written order to a bank to pay a certain amount of money from a checking account to another person or business.
Check
A financial institution owned by its members that provides many of the same services as a bank.
Credit Union
A fee recieved or paid for the use of money
interest
Money borrowed that must be repaid, usually with interest.
Loan
The study of governments, public processes, and the rights and duties of citizenship
Civics
A bank account used to pay bills and access funds using checks, debit cards, and electronic payments.
Checking Account
How a country makes and manages goods, services, and money.
Economy
A business agreement or exchange
Transaction
A service that allows customers to perform banking activities using the internet.
Online Banking
Businesses that provide money-related services; examples include credit unions, banks, and savings and loans.
Financial Institutions