Money: Money is something that lets us buy things we want. Bank account: A bank account is the record your bank keeps to know how much money you have given them to mind. You get a bank account number for each account that you have with the bank. You give them the BSB number and the account number, and they can use this information to process direct deposits and other automated transfers. Account balance: An account balance is the amount of your money the bank is holding.

Source: Punch July 02, 2019 23:37 UTC