GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · MONEY, ACCOUNTS, AND LEDGERS

The words behind Money, accounts, and ledgers

Read the plain-language definition, then name the term it describes.

Money that is a claim on a commercial bank — the balances in ordinary bank accounts. Most everyday payments move this kind of money.

Step 1 of 2

THE DRILL AS TEXT

  1. Money that is a claim on a commercial bank — the balances in ordinary bank accounts. Most everyday payments move this kind of money.
    • Commercial bank money
  2. Money that is a claim on the central bank — banknotes and the balances banks hold in accounts at the central bank. No commercial credit risk.
    • Central bank money

This drill is built from Money, accounts, and ledgers — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.