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Question
Choose all the terms related to banking and finance.
Choose all the terms related to banking and finance.
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Solution
The correct options are
A Transaction
B Deposit
C Withdrawal
D Account balance
Transaction is a record of money that has moved in and out of your bank account.
The amount of money present in an account is called the account balance.
When you place money in your bank account, it is called depositing. When you deposit money, the balance in your account increases.
When you take out money from your account, it is called withdrawing. When you withdraw money, the balance in your account decreases.
A Transaction
B Deposit
C Withdrawal
D Account balance
Transaction is a record of money that has moved in and out of your bank account.
The amount of money present in an account is called the account balance.
When you place money in your bank account, it is called depositing. When you deposit money, the balance in your account increases.
When you take out money from your account, it is called withdrawing. When you withdraw money, the balance in your account decreases.
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