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10.3 Banking Today Vocab Flashcards | StudBud
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10.3 Banking Today Vocab
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The amount of money borrowed
10.3 Banking Today Vocab
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vocabulary quiz on banking today
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1
The amount of money borrowed
principal
liquidity
interest
mortgage
2
Default
the starting wage of pay
the starting amount of money in your bank account
failure to repay a loan
3
Demand deposits
a deposit of money that doesn't clear
a demand of money
an amount of money that can be withdrawn without notice
an amount of money that can be withdrawn with notice before
4
Creditor
a person who needs money
a person who owes money
a person to whom money is owed
5
Card from the bank for a person to transfer money to another bank account when buying something
debit card
credit card
6
Mortgage
a loan used to purchase clothing
a loan used to buy real estate
a loan used to purchase a car
7
Money supply
total money in checkings
total amount in circulation
total amount in bank
total money in savings
