1-20 WISE Terms

Front

Barter

Back

A system of exchange where goods or services are traded directly for other goods or services without using money.

Front

Cash card/gift card

Back

A prepaid card that can be used to make purchases at specific stores or for specific services.

Front

Cashless society

Back

An economic state where financial transactions are conducted through digital means rather than physical cash.

Front

Check

Back

A written order directing a bank to pay a specific amount from a person's account to another party.

Front

Credit card

Back

A plastic card issued by a financial institution allowing the cardholder to borrow funds to pay for goods and services.

Front

Debit card

Back

A plastic card that deducts money directly from a consumer's checking account to pay for a purchase.

Front

Dependents

Back

Individuals who rely on someone else for financial support, often children or other family members.

Front

Earnings

Back

The income generated from work or investments.

Front

Electronic transfer

Back

The process of transferring money from one bank account to another through electronic means.

Front

Employment benefits

Back

Various non-wage compensations provided to employees in addition to their normal wages or salaries.