Personal Finance Unit 1 Vocab (Part 1)

Amount of money in your bank account.

• Debit Card

• Loan

• Money Transfer

• Account Balance

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A plastic card used to make purchases now and pay for them later.

• Debit Card

• Credit Card

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To put money into an account.

• Deposit

• Withdrawal

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The charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR).

• Overdraw

• Interest

• Minimum Balance

• Withdrawal

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Fee

• A check given to an employee for earned income

• Money paid to others for their services

• The process of moving money from one account to another

• The amount of money in your bank account

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What is the abbreviation for an Automated Teller Machine?

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A type of bank account that allows you to easily deposit and withdraw money for daily transactions.

• Checking Account

• Savings Account

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.

• Credit Card

• Debit Card

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An automatic deposit of a paycheck without having to take a physical check to the bank.

• Debit Card

• Direct Deposit

• Overdraw

• Withdrawal

To take money out of a bank account.

• Deposit

• Withdrawal

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