Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key

image

Play button

image

Play button

image

Progress

1/16

Click to flip

16 Cards in this Set

  • Front
  • Back
Automated Teller Machine (ATM)
A computerized cash - dispensing machine that allows you to withdraw cash, transfer funds between accounts, make deposits or loan payments, and find out the balances in your account using an access card issued by the bank along with a personal identification number (PIN)
Balance
The exact amount of money contained in an account
Bank
A financial institution where individuals, groups, and businesses can safely keep their money for spending and saving.
Borrow
To request a loan with the promise or understanding of repaying it.
Budget
A plan to make the most of your money
Capital Gains
Any time you sell an investment for a profit
Cash
Coin and paper money in all demonstartions
Certificate of Deposit (CD)
A certificate from a bank stating that the named party has a specific sum on deposit, usually for a given period of time at a fixed rate of interest.
Check
A written order instructing the bank to pay money. The order must contain a date, payee, amount, and an authorized signature.
Check Register
A paper from used to keep track of the checks written.
Checking account
a bank account in which peopl deposit money. It includes checks and a check to pay individuals and companies using money in the account.
Credit
an amount of money lent by a bank or business for repayment in the future.
Credit Card
A plastic cdard that can be used to purchase items by borrowing money with a promise to pay it back.
Debit
Any item that reduces the balance in the bank account. A check, bank service fee, and ATM withdrawals are all examples of debits.
Debit card
A plastic card that can be used to purchase items by taking money out of your checking account.
Deposit slip
A paper from you complete to add money to an account.