unit 5 MONEY TALKS

Description

SB p. 58 money and banking
LAURA CORTEGUERA
Flashcards by LAURA CORTEGUERA, updated more than 1 year ago
LAURA CORTEGUERA
Created by LAURA CORTEGUERA about 10 years ago
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Resource summary

Question Answer
OVERDRAFT an agreement with your bank that allows you to spend money when there is no money in your account
SAVINGS ACCOUNT a bank account that you use to keep and save money
GIVE SB A LOAN give money to sb for a period of time, after which they give it back
BANK CHARGES / FEES amount of money you have to pay a bank for the services that they give it back
CURRENT ACCOUNT a bank account that you can take money out of when you want
WITHDRAW MONEY TAKE MONEY FROM A BANK ACCOUNT
INTEREST money you get from a bank for keeping your money there, or money that you pay to a bank when you borrow money from them
BILL a written statement saying how much money you owe for goods or services you have received
CASHPOINT a machine that gives you money when you put a bank card in it
CREDIT / DEBIT money that you add to / take out of a bank account
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