| A | B |
|---|
| bank account | record of how much money a person has put into & taken out of a bank |
| collateral | something valuable used as a guarantee for a loan that the lender can take if the borrower doesn't repay |
| deposit | money put into a bank account |
| EFT | the transfer of money from 1 account to another using computers |
| Federal Reserve System | central banking system of the US |
| financial institution | organization for managing money, such as a bank, credit union, or brokerage firm |
| interest | fee charged for use of money |
| monetary system | system in which goods & services are exchanged indirectly using money as a medium |
| mortgage | property put up for a loan that the lender can take if the loan is not paid back; loan for a house |
| money | anything that people accept as payment |
| safety deposit box | place at a bank for storing valuables |
| withdrawal | money taken out of a bank account |
