Credit
An unattended electronic machine at which a customer can
perform bank transactions 24 hours a day.
ATM
Method of exchange by which goods and services are directly exchanged for other goods
and services without using money.
barting
Business that keeps money for customers, makes loans, and provides other money-related
services.
bank
Written plan of how much money can be spent and how.
budget
When something is rare or there is not a lot of something.
Scarcity
Someone who signs their name on a legal document and is responsible for the account.
co-signer
Goods that are used to produce other goods or services, like tools, machines,
or buildings.
capital resources
A bank account in which checks may be written against amounts on deposit.
checking
To use someone else’s money with permission in return for paying it back later (sometimes
with interest).
borrow
Work that is done for other people.
service
Plastic card that identifies the holder and allows them to make purchases on credit.
credit card
Someone who buys and uses goods and services.
consumer
Money put into a bank account.
deposit
Money in the form of coins or bills.
cash
When workers focus on doing only one part of a job.
Specialization
Plastic card assigned to the account owner that allows them access to their funds
electronically.
debit
Buying and using products.
consumption
A secret code customers use to access their accounts
through an ATM.
Personal Identification Number
Printed forms that an account holder of a checking account can use to pay others instead
of using cash.
check
To use money to pay for goods and services.
spend
Money that you owe someone that needs to be paid back.
debt
Someone who buys a product or service.
customer
Money a business makes after expenses are paid.
profit
Any form of money in use as a medium of exchange for a good or service.
currency
A piece of a company or business.
stock