Business Studies Revision

2. This is a statutory deduction that is used by the Government to pay for essential services.
3. This is where pay is based on the number of items produced.
5. A card that is used for short-term borrowing from a bank.
8. This is an account where savings are kept.
12. Used to access money in a current account.
13. This is a regular source of income that is paid once a month to households with children under the age of 16(18 if still in full-time education)
15. This is written permission for the bank to take a specified amount of money from a person account.
16. This this the money that spent by an individual or household.

1. This is a document that shows all transactions in an account.
4. This is an account which is used for day-to-day banking needs.
6. This is where pay is calculated on the number of hours worked.
7. Putting money into an account.
9. This is money earned by an individual or household
10. This number is used to authorise access to an automated teller machine.
11. Taking money out of an account.
14. This machine is used to access financial services such as withdrawing money.