Lesson 19 Quiz

A financial exchange where you give something (money, goods, or services) to someone, and they give something of equal value back to you

When a sum of money is placed or kept in a bank account

An amount of money that is borrowed from a bank and paid back with interest.

The amount of money a bank or financial institution pays a depositor for holding their money with the bank.

A bank account used to save money that earns interest

The act of taking money out of an account.

A bank fee you incur when you spend more money than you have available in your checking account

Someone capable of making good decisions by researching a product before purchase

An account at a bank that allows you to easily deposit and withdraw money for daily transactions

Your knowledge and understanding of how to manage your money.

An advertising tactic to make consumers feel strongly toward a product or service.