Money and credit bingo

Exercise and reference answers

Clues and terms

1. Clue

   Goods swapped without money.

   Item

   Barter

2. Clue

   Money's role in exchange.

   Item

   Medium

3. Clue

   Withdrawable on demand.

   Item

   Demand deposit

4. Clue

   Paper ordering a bank payment.

   Item

   Cheque

5. Clue

   Loan against future payment.

   Item

   Credit

6. Clue

   Asset pledged for a loan.

   Item

   Collateral

7. Clue

   Loan that leaves one worse off.

   Item

   Debt trap

8. Clue

   Members pool funds for loans.

   Item

   Cooperative

9. Clue

   Unsupervised lenders.

   Item

   Informal

Instructions

Read each clue and tap the term it describes.

Explanation