Banking Vocabulary Check In

Occurring every year

• Annual

• Yearly

• Weekly

• None of the Above

Money taken out of your account

• Debit

• Credit

• Interest

• Principal

A financial institution that lends money to its members; similar to a bank but members can borrow money at lower rates of interest

• Broker

• Hedge Fund

• Money Market Account

• Credit Union

Interest paid on the principal alone; not on any accrued interest

• Simple Interest

• Compound Interest

• Single Interest

•  

  Interest

An amount of money put in a bank on which interest is paid

• Deposit

• Money Market Account

• Principal

• Balance

An amount of money in a bank account

• Principal

• Interest

• Budget

• Balance

Money that is paid for borrowing someone else's money

• Interest

• Compound Interest

• Simple Interest

• Deposit

The price or cost of something

• Savings

• Rate

• Debit

• Range

The lowest or smallest possible amount

•  

  Minmum

• Premium

• Profit

• Savings

The money a person collects over a period of time and does not spend right away

• Checking

• Savings

• Money Market

• None of the Above