Match the concepts to column A with the definitions in column B, write only the letter next to question number. 1.1.2 Interest 1.1.2 Debit transactions

Interest is the charge for borrowing money, typically expressed as a percentage of the amount borrowed, or the payment for lending money.

• A. When money is taken out of client's account (This describes a debit transaction).
• B. A changing income of a different rand value per month (This describes variable income).
• C. Extra money you pay when you borrow money or extra money the bank pays when you save money (This accurately defines interest).
• D. Flow of money coming in your account (This describes income or a credit transaction). The correct match is C.

1.1.1 $\boxed{\text{C}}$

1.1.2 Debit transactions

A debit transaction is an entry that records an amount owed or money taken out of an account.

• A. When money is taken out of client's account (This accurately defines a debit transaction).
• B. A changing income of a different rand value per month (This describes variable income).
• C. Extra money you pay when you borrow money or extra money the bank pays when you save money (This defines interest).
• D. Flow of money coming in your account (This describes income or a credit transaction). The correct match is A.

1.1.2 $\boxed{\text{A}}$