Glossary
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CashPhysical
money in coins and notes. | |
Comparison tableA
chart used to compare the prices or features of different products or services. | |
Contactless PaymentA
quick way to pay by tapping a card or phone without entering a PIN. | |
CostThe
amount of money required to pay for an item or service. | |
CreditMoney
borrowed that must be paid back later, often with interest. | |
CryptocurrenciesDigital
forms of money that are not backed by a government or central bank. Prices can be
very unpredictable and carry high risk. | |
CurrencyThe
type of money a country uses, for example the UK's Pound Sterling (£: GBP), and the Euro (€: EUR). | |
Currency conversionChanging
money from one currency to another, like UK Pounds (£:
GBP) to Euros (€:
EUR).. | |
Currency symbolsSymbols
that represent different currencies, for example £ for British pounds, € for Euros, and $ for US Dollars. | |
Current accountA bank
account for everyday use which allows you to add and withdraw money, and make
payments online or with a debit card. | |
