Economics Flashcards
1
Q
Saving
A
Putting money aside to spend another day
2
Q
Deposite
A
Initial amount of money u put in a bank
3
Q
Interest
A
The increase of money in saving accounts (banking)
4
Q
Loan
A
Borrowing money from a bank. Loan usually has interest, banks check wether a candidate is viable for a loan.
5
Q
Philanthropist
A
Person who dedicates their lives to charity work
6
Q
Scam
A
Dishonest scheme or a fraud
7
Q
ATM
A
Machine that dispenses cash to performs other banking services when an account holder inserts a bank card
8
Q
ACCC
A
Australian competition and consumer commission
9
Q
PIN
A
Personal identification number
10
Q
Eftpos fee
A
Fee charged for using an alternate machine
11
Q
ATM fee
A
Fee u get for using an alternate banking atm
12
Q
Exception fees
A
When u have a insufficient funds in the bank and you are charged for using your card
