Economics

3. an account at a bank against which checks can be drawn by the account depositor.
5. a savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest.
7. an act of taking money out of your account
9. a payment card that deducts money directly from your checking account.
10. the interest on savings calculated on both the initial principal and the accumulated interest from previous periods
11. a list of all transactions for a bank account over a set period, usually monthly.
12. An amount charged for a service, membership, or subscription and billed each calendar month.

1. interest charge that borrowers pay lenders for a loan
2. any charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.
4. an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment.
6. the deposit of funds electronically into a bank account rather than through a physical, paper check.
8. a bank account that earns interest.