| A | B |
|---|
| Bank | An institution were you deposit money |
| Bendigo Bank | Name of a bank found in many rural towns in Australia |
| Deposit | Term that describes money being placed into an account |
| Withdrawl | Term that describes money taken out of an account |
| Safety | People deposit money into the bank as its a place of |
| Interest | People deposit money into their bank as it may gain |
| Loan | Term that describes when you borrow money from a bank |
| Expense | Interest charged on a loan can be treated as an |
| Bank Account | One of the first steps to take control of your money is to open a |
| Save | With a bank account you can spend, S...? or grow (invest) |
| Funds | Banks take deposits of money from customers and lend it to those who need F..... |
| Mortgage | The name given to the biggest loan you will borrow |
| Twenty | The number of average years given to pay of your mortgage |
| Cards | Banks make money by charging customers interest on money owed on Credit ? |
| Adminisration | Another fee charged by banks |
| Charge for setting up a loan | An example of an Administration Fee |
| Insurance | Banks make money by selling products such as this |
| Borrowers | Collective name for customers who have loans with a bank |
| Savers | Collective name for customers who put money into bank account on regular basis |
| Statement | Name of account your salary goes into and everyday transactions are listed |
| Good Debt | Borrowing money to buy items that will increase in value in the future |
| Bad Debt | Borrowing money to buy items that willnot increase in value in the future |
| Examples of bad debt | using loans to buy items that depreciate in value quicklly eg cars and jewellery |
| Examples of good debt | using loans to buy home, for hecs or clothes to start new job |
