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DeCenso BK 102
What is Money Vocabulary
Term | Definition |
---|---|
Barter | The exchange of one good or service for another good or service |
Cashier’s check | A bank check made out to a designated institution or person that must be paid for before it is issued |
Check | A written order directing a bank to pay money to a specific individual or organization |
Credit card | Plastic cards that allow users to make purchases using borrowed money |
Currency | Something that is used as a medium of exchange |
Debit card | A plastic card that electronically deducts a purchase amount directly from the user’s checking account |
Exchange | To give up one thing in return for something else |
Goods | Moveable property, such as merchandise |
Money order | A document that is issued by a bank or retail store for the payment of a specific amount of money to the person or business named on the order |
Services | Helpful acts performed by one person for another person or business |
Values | The worth of something in terms of exchange |