Personal Finance Word Scramble
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Term | Definition |
Automated teller machine (atm) | complete money transactions with only and machine (no other people needed) |
checking account | quick access to funds for transactions |
commercial bank | for profit depository businesses that offer financial services to both consumers and other businesses |
contactless payment | payment transactions that can be done with no connection b/w payment device and point of sale (POS) terminal or store clerk |
credit union | depository institutions that offer banking services and are owned by their customers |
interest | the price paid for borrowing money |
interest rate | `the percent rate used to calculate interest |
mobile banking | apps that allow banking access from anything with internet access |
online banking | allows customers to complete transactions from secured websites using a username and password |
savings account | an account at a depository institution that is designed to hold money not spent on current things |
savings tool | accounts offered by depository institutions whose main purpose is to help people manage their money |
debit card | plastic card that is connected to the depository institution account |
depository institution | businesses that provide financial services |
Created by:
BaileyBaucom
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