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DeCenso BK 102

What is Money Vocabulary

TermDefinition
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
Created by: pdecenso
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