Financial Literacy Lesson 1 Vocab

Front

Business agreement or exchange?

Back

Transaction

Front

Account that earns interest, used for money not needed immediately.

Back

Savings account

Front

Bank safe for valuables

Back

Safe deposit box

Front

Service for banking activities online?

Back

Online banking

Front

Money borrowed that must be repaid, usually with interest.

Back

Loan

Front

Business providing money-related services?

Back

Financial institution

Front

System guiding money earning and usage in society?

Back

Economy

Front

Card for instant electronic cash withdrawal or purchases.

Back

Debit card

Front

Financial institution owned by members providing bank-like services.

Back

Credit union

Front

Card for purchasing goods/services via bank loan.

Back

Credit card