Banking Terms and Concepts
Flashcard
•
Education
•
8th Grade
•
Hard
Wayground Content
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22 questions
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1.
FLASHCARD QUESTION
Front
money added to your bank account
Back
Deposit
2.
FLASHCARD QUESTION
Front
a card that allows purchases or ATM withdrawals, linked to your checking account
Back
debit card
3.
FLASHCARD QUESTION
Front
monthly charge for maintaining an account, often waived if certain conditions are met
Back
maintenance fee
4.
FLASHCARD QUESTION
Front
a bank with no physical branches, operating entirely on the internet
Back
Online bank
5.
FLASHCARD QUESTION
Front
type of account for storing money, usually earns interest
Back
savings account
6.
FLASHCARD QUESTION
Front
government agency that insures bank deposits up to $250,000
Back
Federal Deposit Insurance Corporation (FDIC)
7.
FLASHCARD QUESTION
Front
increase in prices over time, reducing money's buying power
Back
Inflation
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