UNIT 3 MIDTERM

Front

assets

Back

anything of value owned by a business; for a bank, the loans it has made

Front

income

Back

all the money received by a person during a particular period

Front

national income

Back

the money earned by a country's people in a particular period

Front

trend

Back

a general development or change in a situation or in people’s behaviour

Front

currency

Back

the money used in a particular country

Front

lucrative

Back

profitable (describes an activity that makes a profit)

Front

liabilities

Back

money that a company will have to pay to someone else one day; for a bank, its deposits

Front

a direct debit

Back

an instruction to a bank to pay varying sums of money to another account on particular dates

Front

savings account

Back

pays interest but usually has limits as to how much money can be withdrawn during a certain period of time

Front

statement

Back

lists the recent debits and credits in a bank account