Biz Town Financial Literacy Lessons 1 & 2 Vocab

a service that allows customer to bank using the internet

the current amount of money in an account

a card that allows the holder to buy goods and services using loaned money

a bank account used to pay bills and to access funds through checks, debit cards, or electronic payments.

used to pay someone a specific amount of money from your checking account

a business agreement or exchange

the study of governments, public processes, and the rights/duties of citizenship

things that are owned by a specific person/group

money that is borrowed and must be repaid, usually with interest

a tool for recording money put in and taken out of an account

a financial institution owned by its members that provides many of the same services as the bank

the freedom to act in a certain way

a company that sells goods or services

a business that charges customers for money related services

payment made online or using an app

a written record of money put into a bank account

a bank safe where valuables are kept

an electronic transfer of money from one account to another (usually used for paychecks)

a card that allows the customers to electronically and immediately withdraw funds from their account to pay for things

how a country makes and manages goods, services, & money

the money people earn for working

a check received for working

a duty to behave in a specific way

a fee received or paid for the use of money

a machine that allows customers to deposit or withdraw money without visiting their bank

businesses that provide money-related services. Ex) credit union, bank, savings & loan

an account that holds money that is not needed right away and it earns interest

to sign the back of a check