Financial Terms Flashcards

Front

money bills

Back

Paper currency used as a medium of exchange.

Front

money coins

Back

Metal currency used as a medium of exchange.

Front

check

Back

A written order directing a bank to pay money.

Front

credit card

Back

A card that allows the holder to borrow funds for purchases.

Front

debit card

Back

A card that deducts money directly from a checking account.

Front

chip

Back

A small electronic component embedded in credit/debit cards for security.

Front

ATM

Back

Automated Teller Machine, used for banking transactions.

Front

Teller

Back

A bank employee who handles customer transactions.

Front

withdrawal

Back

The act of taking money out of a bank account.

Front

deposit

Back

The act of putting money into a bank account.