The exchange of goods and services for payment of other goods and services without using money.
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Cashless society
A social system in which no cash is used to pay for goods and services.
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Counterfeiting
Producing an imitation of of a real product, with the intention of gaining from people not knowing the difference.
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Credit
The ability to buy goods and services before you are able to pay for them, by using money borrowed from the bank; using more money than you currently have.
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credit card
a small plastic card allowing the holder to purchase goods or services on credit.
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Debit
withdrwaing money from your own account, from money that they already have available in an account.
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Debit card
a small plastic card that allows someone to withdraw money that they already have available in an account.
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Mint
where coins are made.
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Money
A medium of exchange to pay for goods and services.
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Pension
Money received from the government or a pension provider after retirement.
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Salary
A regular fixed payment for work carried out, ussually paid monthly and expressed in terms of an annual amount.
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Standing order
A regular sum of money that you instruct the bank to make out of your bank account to a company or person.
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Transfer
Move money from one account to another.
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Wage
A sum of money paid for work carried out, usually paid weekly or monthly at an hourly or daily rate, or as a fixed, agreed amount per task completed.
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Other cards in this set
Card 2
Front
A social system in which no cash is used to pay for goods and services.
Back
Cashless society
Card 3
Front
Producing an imitation of of a real product, with the intention of gaining from people not knowing the difference.
Back
Card 4
Front
The ability to buy goods and services before you are able to pay for them, by using money borrowed from the bank; using more money than you currently have.
Back
Card 5
Front
a small plastic card allowing the holder to purchase goods or services on credit.
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