Biztown - Fin Lit Lesson #1 Vocabulary

4. Payments made online or using an App.
6. A system that guides how money is earned and used in a society.
10. A business agreement or exchange.
11. A bank account used to pay bills and access funds using checks and debit cares.
12. A service that allows customers to perform banking activities using the internet.
13. Money borrowed that must be repaid, usually with interest.
14. A company that sells goods or services.
16. A written order to a bank to pay a certain amount of money from a checking account to another person or business.
17. A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or purchase good or services.

1. A bank safe where documents, jewelry, or other valuables are kept.
2. A machine that allows bank customers to deposit or withdraw money without visiting their bank.
3. A financial institution owned by its members that provides the same services as a bank.
5. A certificate of deposit, which is an investment that earns interest over a specific period of time.
7. A business that offers money-related services to its customers, including loans and checking and savings accounts.
8. A business that provides money-related services.
9. The current among of money in an account.
11. A card that allows the holder to buy good and services by taking out a bank loan.
15. An account that usually earns interest and is often used to hold money that is not needed right away.