W!SE Vocab Flashcard #1

Front

Direct exchange of goods/services

Back

barter

Front

A plastic card that deducts money from a checking account almost immediately for purchases.

Back

Debit Card

Front

A card to buy goods/services, repaid later.

Back

Credit Card

Front

A cash card generally:

Back

Purchased with a specific amount for goods/services.

Front

Common name for U.S. currency:

Back

Green backs

Front

Methods for receiving or paying for goods & services (other than cash) leads to a

Back

cashless society

Front

Written orders to transfer funds between accounts

Back

check

Front

A child, spouse, parent, or relative receiving major financial support.

Back

Dependent

Front

Money earned; wages; profits.

Back

Earnings

Front

Funds transferred between accounts via online banking or debit card

Back

Electronic funds transfer