places
What is Automatic Teller Machine(ATM)
An unattended electronic machine at which a customer can perform bank transactions 24 hours a day.
what is budget
Written plan of how much money can be spent and how.
what is consumers
Someone who buys and uses goods and services.
what is bartering
Method of exchange by which goods and services are directly exchanged for other goods and services without using money.
what is denominations
A value or size of money.
what is bank
Business that keeps money for customers, makes loans, and provides other money-related services.
what is cash
Money in the form of coins or bills.
what is co-signer
Someone who signs their name on a legal document and is responsible for the account.
what is borrow
To use someone else’s money with permission in return for paying it back later (sometimes with interest).
what is Factors of Production
Resources required to create a good or service.
what is Capital Resources
Goods that are used to produce other goods or services, like tools, machines, or buildings.
what is credit
Providing of money or goods with the expectation of payment in the future. Trust given to a customer for a future payment for the goods purchased.
what is customer
someone who buys a product or service
what is exchange
To give up something and then receive something in return.
what is human resources
People and their health, education, experience, training, skills and values.
what is vault
Room with thick walls and a strong door where money is stored to keep it safe
what is debit
Money that you owe someone that needs to be paid back.
what is enterpreneur
A person who creates and manages a business.
what is income
Money a person earns
what is natural resources
Resources found naturally on Earth that can be used to produced goods and services, like oceans, air, mineral deposits, forest and land.
what is market
Open place or a covered building where buyers and sellers gather for the sale of goods.
what is withdrawl
Taking money out of a bank account
what is volunteer
Person or group of people performing a service without pay.
what is taxes
Money you pay the government.
what is Personal Identification Number(PIN)
A secret code customers use to access their accounts through an ATM.