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100

Automatic Teller Machine (ATM):

An unattended electronic machine at which a customer can

perform bank transactions 24 hours a day.

100

Credit

Providing money or goods with the expectation of payment in the future. Trust given to a customer for a future payment for the goods purchased.

100

Currency

Any form of money in use as a medium of exchange for a good or service.

100

Debt

Money that you owe someone that needs to be paid back.

100

Give

To provide something to someone else.

200

Costs

Money paid or charged for something.

200

Bartering

Method of exchange by which goods and services are directly exchanged for other goods and services without using money.

200

Customer

Someone who buys a product or service.

200

Demand

A consumer's desire and willingness to pay a price for a specific good or service.

200

Goods

Things that are produced.

300

Cash

Money in the form of coins or bills.

300

Credit Card

Plastic card that identifies the holder and allows them to make purchases on credit.

300

Budget

Written plan of how much money can be spent and how.

300

Deposit

Money put into a bank account.

300

Employment

Having a job

400

Co-Signer

Someone who signs their name on a legal document and is responsible for the account.

400

Checking

A bank account in which checks may be written against amounts on deposit.

400

Debit Card

Plastic card assigned to the account owner that allows them access to their funds electronically.

400

Borrow

To use someone else’s money with permission in return for paying it back later (sometimes with interest).

400

Earn

to make money

500

Consumer

Someone who buys and uses goods and services.

500

Consumption

Buying and using products.

500

Bank

Business that keeps money for customers, makes loans, and provides other money-related services.

500

Checks

Printed forms that an account holder of a checking account can use to pay others instead of using cash.

500

Capital Resources

Goods that are used to produce other goods or services, like tools, machines,

or buildings.

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