Around Town
A member of a town, city, county, state or country.
What is a citizen?
A business that charges customers for money related services.
What is a bank?
The amount of money left over after all business expenses are paid.
What is a profit?
Payments that citizens and businesses are required to make to a government to pay for public goods and services.
What are taxes?
A fee received or paid for the use of money.
What is interest?
Someone who starts a new business.
What is an entrepreneur?
A company that sells goods or services.
What is a business?
A written order to a bank to pay a certain amount of money from a checking account to another person or business.
What is a check?
A way of persuading people to want goods or services.
What is advertising?
The freedom to act in a certain way.
What is a right?
Any business agreement or exchange. This includes any deposits, withdrawals, checks written and payments made with a debit or credit card.
What is a transaction?
Social Services, the local food bank, and the American Heart Association are all examples of organizations that are primarily interested in serving the community as opposed to making a profit.
What is a non-profit organization?
People who buy and use goods or services.
Who are consumers?
A financial institution owned by its members that provides many of the services as a bank.
What is a credit union?
The money an employee earns for their work.
What is a salary?
Roads, parks, police and fire services are examples of this.
What are public goods and services?
Before a bring my paycheck to the credit union or bank I must do these two things.
What is endorse and fill in a deposit ticket?
Banks, credit unions, savings and loans and internet banks are all examples of these.
What are financial institutions?
Things people buy and use.
What are goods?
A machine that allows bank customers to deposit or withdraw money without visiting a bank.
What is an ATM ot Automated Teller Machine?
The total cost of all expenses to run a business.
What are operating costs?
A form of government in which ultimate power lies with the people who exercise that power directly through elected representatives.
Where I must record every transaction.
What is my register or money tracker?
Work produced by human resources.
What is labor?
Things that are owned by specific people.
What is private property?
A card that allows customers to electronically draw and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
What is a debit card?
a graphic mark or emblem used to promote a business or product.
What is a logo?
The tax bill if Joe makes 60 dollars and gets taxes at a rate of 10 percent.
What is 6 dollars?
A card that allows a holder to buy goods and services by taking out a loan that must be paid with interest.
What is a credit card?
A written record of money put into your account at the bank or credit union.
What is a deposit ticket?
The term for charitable giving to increase the well being of a community.
What is philanthropy?
To write a signature on the back of a check.
What is endorse?
The three types of resources used to produce goods and services.
What are human, natural, and capital?
The study of governments, public processes, and the rights and duties of citizenship.
What is civics?
The term for the amount of money an employee earns BEFORE taxes are deducted.
What is gross pay?
How a country makes and manages goods, services, and money.
What is economy?
Parts of a person's being that make one an individual.
What is character?
A fee received for the use of money.
What is interest?
personal attributes and abilities that are needed in most every job. They include teamwork, time management, active listening and courtesy.
What are soft skills?
The tax bill if Maxine makes 125 dollars and is taxed at a rate of 20 percent.
What is 25 dollars?
An account that usually earns interest and is often used to hold money that is not needed right away.
What is a savings account?
The current amount of money in your account.
What is the balance?
Personal habits and attitudes that promote the well being of a group or community.
What is civic virtue
A promise to repay a loan within a certain time period.
What is a promissory note?
A condition in which people can not have everything that they want.
What is scarcity?
Franklin bought a pizza for 18 dollars and paid 5 percent sales tax. How much did this meat cost him?
What is $18.90?
The amount of money an employee receives after taxes and other deductions are taken from a paycheck.
What is net pay?
This happened when Felicia paid by check to buy a sweater for 30 dollars and tickets to a concert for 45 dollars. She had 65 dollars in her checking account.
What is a bounced check?