(Blank)
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
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.
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