Leslie is in high school and taking Personal Finance. Her younger sister Ann just received $500 in birthday money and wanted to open a bank
occount. Ann is 12 years old and knows you are in high school taking Personal Finance. Ann has heard you and her parents throw around
different bank terms such as Balance, Checking account, savings account, debit card, deposit, bank statement, and endorse. One
afternoon Ann asks you to explain to her what those terms actually mean. In two paragraphs explain to Ann what those 7 terms mean. Each
term must be used and not just giving Ann the definition. Break it down and explain things for a 12 year old. Spelling, punctuation, and
grammar counts. Being clear in your explanation also counts.