An unattended electronic machine at which a customer can
perform bank transactions 24 hours a day.
Automatic Teller Machine (ATM):
Goods that are used to produce other goods or services, like tools, machines,or buildings.
Capital Resources:
Buying and using products.
Consumption:
Any form of money in use as a medium of exchange for a good or service.
Currency:
A value or size of money.
Denominations:
Business that keeps money for customers, makes loans, and provides other money-related
services.
Bank:
Money in the form of coins or bills.
Cash:
Someone who signs their name on a legal document and is responsible for the account.
Co-Signer:
Someone who buys a product or service.
Customer:
Supplying goods to business to be sold.
Distribution:
Method of exchange by which goods and services are directly exchanged for other goods
and services without using money.
Bartering
A bank account in which checks may be written against amounts on deposit.
Checking:
Money paid or charged for something.
Costs
Plastic card assigned to the account owner that allows them access to their funds electronically.
Debit Card:
Dividing up a task so that each worker does a different piece.
Division of Labor:
Written plan of how much money can be spent and how.
Budget:
Printed forms that an account holder of a checking account can use to pay others instead
of using cash.
Checks
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.
Credit:
Money that you owe someone that needs to be paid back.
Debt:
To present something as a gift.
Donate:
To use someone else’s money with permission in return for paying it back later (sometimes
with interest).
Borrow:
Someone who buys and uses goods and services.
Consumer:
Plastic card that identifies the holder and allows them to make purchases on credit.
Credit Card:
A consumer's desire and willingness to pay a price for a specific good or service.
Demand:
Money put into a bank account.
Deposit: