1. | Interdependence | A. | It is an electronic form of borrowing. Each time a person uses it, he or she increases the money owed to the bank | |
2. | Bank | B. | Dependent on others | |
3. | Checking account | C. | A special secure metal box used as storage space at the bank for jewelry and other valuables | |
4. | Check | D. | What a person or business owes another person or business | |
5. | Safe deposit box | E. | An account primarily used to take money out. People and businesses use it to pay bills | |
6. | Loan | F. | It occurs when you owe more money than you actually have. People, business and governments who have a lot of debts usually run the risk of having it | |
7. | Savings account | G. | A piece of paper handwritten by the owner of a checking account. It specifies how much money is to be taken out of the account and to whom the money is to be given | |
8. | Credit card | H. | An account used primarily to put money that you want to save | |
9. | Debit card | I. | It works just like checks and is linked to a checking account. It requires a PIN number when used in ATM machines | |
10. | Inflation | J. | A financial institution. A place where money changes hands | |
11. | Debt | K. | An amount of money given by a bank to a person or business so that person or business can buy something that he or she or it doesn’t normally have enough money to buy, such as a house | |
12. | Deficit | L. | A rise I prices relative to money available. In other words, you can get less for your money than you used to be able to get | |
13. | To foreclose | M. | To repossess property. Banks usually go this route when people or businesses are unable to pay off their loans |
B | 1. | Interdependence | A. | It is an electronic form of borrowing. Each time a person uses it, he or she increases the money owed to the bank |
J | 2. | Bank | B. | Dependent on others |
E | 3. | Checking account | C. | A special secure metal box used as storage space at the bank for jewelry and other valuables |
G | 4. | Check | D. | What a person or business owes another person or business |
C | 5. | Safe deposit box | E. | An account primarily used to take money out. People and businesses use it to pay bills |
K | 6. | Loan | F. | It occurs when you owe more money than you actually have. People, business and governments who have a lot of debts usually run the risk of having it |
H | 7. | Savings account | G. | A piece of paper handwritten by the owner of a checking account. It specifies how much money is to be taken out of the account and to whom the money is to be given |
A | 8. | Credit card | H. | An account used primarily to put money that you want to save |
I | 9. | Debit card | I. | It works just like checks and is linked to a checking account. It requires a PIN number when used in ATM machines |
L | 10. | Inflation | J. | A financial institution. A place where money changes hands |
D | 11. | Debt | K. | An amount of money given by a bank to a person or business so that person or business can buy something that he or she or it doesn’t normally have enough money to buy, such as a house |
F | 12. | Deficit | L. | A rise I prices relative to money available. In other words, you can get less for your money than you used to be able to get |
M | 13. | To foreclose | M. | To repossess property. Banks usually go this route when people or businesses are unable to pay off their loans |