Banking Vocabulary

Front

A bank is...

Back

a business that keeps money for customers and makes loans.

Front

A sum of money borrowed for a certain amount of time is called a....

Back

loan

Front

A profit is...

Back

money earned

Front

Putting money into the bank is called a...

Back

deposit

Front

Taking money out of an account is called a...

Back

withdrawal

Front

When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.

Back

Interest

Front

A transaction is...

Back

any business done at the bank

Front

The amount of money in your account is called the...

Back

balance

Front

Money in __________ is money that is available for use.

Back

Circulation