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9 Cards in this Set
- Front
- Back
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the study of money: how it's made, how it's lost, and how it's managed |
finance |
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anything accepted in exchange for goods and services |
Money |
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Money functions as _______, in replacement of bartering |
medium of exchange |
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money stored in an account at a bank or other financial institution that can be withdrawn without advance notice |
Checking Account |
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Accounts with funds that usually cannot be withdrawn without advance notice |
Savings Account |
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Accounts that offer higher interest rates in exchange for greater restrictions |
Money Market Accounts |
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Savings accounts that guarantee a depositor a set interest rate over a specified interval as long as the funds are not withdrawn before the end of the period |
Certificate of Deposit |
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Means of access to preapproved lines of credit granted by a bank or finance company |
Credit Card |
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A card that works as a check |
Debit Card |
