Vocabulary 1
A machine that allows bank customers to depost or withdraw money without visiting their bank.
ATM (automated teller machine)
A company that sells goods or services.
Business
Members of a town, city, county, state or country. They have rights and responsabilites.
Citizens
A card that allows customer to electronically and immediatly withdraw funds from their accounts, either in cash or to purchase goods or services
Debit Card
A card that is purched for a certain amount then used like cash.
Gift Card
The current amount of money in an account.
Balance
Thanks made by people and used to produce goods or offer services.
Capital Resources
A place where people live, work, trade, and share.
Community
A written record of money put into an account
Deposit Ticket
Things people buy and use
Goods
A business that offers money-related services to its customers, including loans and checking and savings accounts.
Bank
Person is responsible for a business's finances.
CFO (Chief Financial Officer)
people who buy and use goods and services
consumer
An electronic transfer of money from one account to another, often used by employers to pay employees
Direct Deposit
The amount of money an employee earns before any taxes or other deductions are subtracted.
Gross Pay
A check that is written for more than the amount of money in a checking account.
Bounced Check
A bank account used to pay bills and access funds using checks and debit cards.
Checking Account
a card that allows the holder to buy goods and services by taking out a bank loan
Credit Card
A system that guides how money is earned and used in a society.
Economy
The labor, skills, and abilities of workers.
Human resources.
A plan for saving, spending, and managing money.
Budget
A model of movement of goods, services, resources, and money in an economy.
Circular Flow
a financial institution owned by its members that provide many of the same services as a bank.
Credit Union
A business that provides money-related services.
Financial instituion.
The money people earn from work.
Income