Financial Exchange
Currency
Income
Credit
Financial Institutions,Accounts
100
An entry recording an amount due
What is debit?
100
A flat round piece of metal with an official stamp,used as money
What is a coin?
100
A fixed regular payment,typically paid on a daily or weekly basis
What is the definition of wage?
100
It gives banks trust you'll pay money back that you are borrowing
What is the importance of credit?
100
A bank account that earns interest
What is a savings account?
200
Suitable alternative to cash payment
What is a debit card?
200
money in form of banknotes (checks)
What is paper money?
200
a fixed regular payment,typically paid on a monthly or biweekly basis
What is the definition of salary?
200
So you can be able to be trusted by banks and so you can be able to buy things like a house
What is the purpose of credit?
200
An account at a bank which checks can be drawn by the account owner
What is a checking account?
300
Is the electronic transfer of money from one account to the other also know as EFT
What is a electronic funds transfer?
300
Type of money that people typically pay in,its paper and comes in different values
What is cash?
300
Paid to a manual or unskilled worker
What is a wage worker?
300
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
What is credit?
300
Is a type of savings account offered by banks and credit unions the difference is that you usually pay higher interest
What is a money market account?
400
Being responsible for any fraud that happens
What is fraud liability?
400
Is a bond issued by the national government generally with a pay period interest payments
What is a government bond?
400
Paid to a a professional or skilled employee
What is salary worker?
400
trying to buy a house
What is an example of credit?
400
Is an establishment that operates financial transactions such as investments, loans and deposits
What is a financial institution?
500
Its saves time of writing checks and your not loaning money your drawing money from an account that you recently deposited money
What is the purpose of debit?
500
Usually a full-time job
What is a salary?
500
Is the amount of days between your last payment and your next payment is EX: get paid bi-weekly
What is a pay period?
500
so they have trust when you borrow money that you'll pay it back
Why do banks look at credit?
500
Classifying,measuring and recording the transactions of businesses
What is a financial account?
M
e
n
u