Money Vocabulary
currency
A system of money in general use in a particular country.
bank
A financial institution that accepts deposits from the public and creates credit.
Glossary Reference
Terms related to currency, banking, transactions, and the exchange of value.
currency
A system of money in general use in a particular country.
bank
A financial institution that accepts deposits from the public and creates credit.
transaction
A transaction is a business deal or exchange involving money or services.
exchange
The act of giving one thing and receiving another in return.
deposit
A sum of money placed in a bank or financial account.
withdrawal
The act of taking back or removing something.
interest
The feeling of wanting to know or learn about something or someone.
loan
A sum of money that is borrowed and is expected to be paid back with interest.
transfer
The act or process of moving something from one place to another.
account
A record of financial expenditure and receipts; a statement of sums of money.
statement
A declaration or remark; something that is stated.
balance
A state of equilibrium or equal distribution of weight.
credit
An arrangement to receive goods, services, or money in advance with the promise to pay later.
debit
An entry recording a sum owed, typically in accounting.
investment
The action or process of investing money for profit.
assets
Assets refer to valuable resources owned by an individual or organization, which can be used for generating income or may appreciate over time.
liabilities
Liabilities refer to the financial obligations or debts that a person or company owes to others.
currency exchange
A system or process for trading one currency for another.
liquidity
The availability of liquid assets to a business or individual; the ease with which an asset can be converted into cash.
List Mastery
Complete all practice modes to achieve fluency.