unit 5 MONEY TALKS

LAURA CORTEGUERA
Flashcards by LAURA CORTEGUERA, updated more than 1 year ago
LAURA CORTEGUERA
Created by LAURA CORTEGUERA over 6 years ago
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Description

SB p. 58 money and banking

Resource summary

Question Answer
OVERDRAFT an agreement with your bank that allows you to spend money when there is no money in your account
SAVINGS ACCOUNT a bank account that you use to keep and save money
GIVE SB A LOAN give money to sb for a period of time, after which they give it back
BANK CHARGES / FEES amount of money you have to pay a bank for the services that they give it back
CURRENT ACCOUNT a bank account that you can take money out of when you want
WITHDRAW MONEY TAKE MONEY FROM A BANK ACCOUNT
INTEREST money you get from a bank for keeping your money there, or money that you pay to a bank when you borrow money from them
BILL a written statement saying how much money you owe for goods or services you have received
CASHPOINT a machine that gives you money when you put a bank card in it
CREDIT / DEBIT money that you add to / take out of a bank account
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