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