Banking
What is a debit card?
You use this card to pay for things directly from your bank account.
What is currency?
This bank employee helps you with accounts, loans, and advice.
What is Savings?
Money you keep for future use instead of spending now.
what is an investment?
Money put into something to make more money in the future.
What is a budget?
A plan for how you will spend and save your money.
What is a credit card?
A bank may give you this to spend money you don’t have yet.
What is currency exchange?
This is a system where you exchange one currency for another.
What is an emergency fund?
Money saved for emergencies.
What is profit?
The money you make from an investment.
What is Income?
Money you earn from work or allowances.
What is a Savings Account?
This type of account pays you extra money called interest.
What is currency rate?
The value of one currency compared to another.
What is a savings goal?
A goal you save money for, like a new phone or trip.
What is a stock market?
A place where you can buy and sell stocks.
What are expenses?
Money you spend on things you need, like food or rent.
What is a Loan?
When you borrow money from a bank and pay it back with extra money.
What is cash?
Paper money and coins together are called this.
What is investment savings?
Money you put aside to earn more money in the future.
What is a stock?
A small part of a company that you can buy.
What is budgeting?
The act of keeping track of your money every month.
What is Interest?
The extra money you pay when you borrow money from a bank, or money they give you when you keep money with them.
What is digital currency?
A type of money you can only use online or digitally.
What is your Balance?
The total amount of money you have saved in your account.
What is property investment?
A type of investment that buys real estate to make money.
What is a fixed expense?
Money you have to pay regularly, like for electricity or internet.
What is Online Banking?
You can do this online to move money between accounts.
What countries use theses currencies: $ € £ ¥
American dollar, euro, British pound, Japanese Yen.
What is a pension fund?
Money set aside for retirement.
What is diversification?
When you put money in many different investments to reduce risk.
What is a variable expense?
Money that changes every month, like shopping or entertainment.
What is an ATM?
Automatic Transfer Machine
What is legal tender?
This is money that is officially recognized by a government.
What is a fixed deposit ?
A type of account that earns a higher interest rate but you can’t take money out anytime.
What is speculation?
Buying something now to sell it later at a higher price.
What is overspending?
Spending more money than you earn.
What is Overdraft?
When your bank account has less money than you need, you may go into this.
What is devaluation?
When a currency becomes less valuable compared to others.
What is frugality?
The opposite of spending money.
What is a financial advisor?
This person helps you choose the best investments.
What is financial responsibility?
Using money wisely and not wasting it.