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Economics and Personal Financing > Understanding Checking and Debit Accounts > Flashcards

Understanding Checking and Debit Accounts Flashcards

1
Q

debit

A

withdrawing or taking money out of an account

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2
Q

deposit

A

adding money to an account

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3
Q

electronic funds transfer

A

system of moving money from one account to another without any paper money exchanging hands

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4
Q

outstanding

A

unpaid

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5
Q

overdrawn

A

when more money is withdrawn from an account than actually is in the account

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Economics and Personal Financing (63 decks)

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