BizTown Vocabulary Smithson

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ATM

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A machine that allows bank customers to deposit or withdraw money without going inside of a bank.

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Balance

Back

The current amount of money in an account.

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Check

Back

A written order to a bank to pay a certain amount of money from a bank account to another person or business.

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Quality Business

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A business that tries to meet its customers's needs through continuous improvement.

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Deposit ticket

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A written record of money put into a checking account.

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Direct deposit

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An electronic transfer of money from one account to another. (Used by employers to pay employees.)

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Net Deposit

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The amount of money placed into an account AFTER all deductions.

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Operating Costs

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The total of all expenses needed to run a business.

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Revenue

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The amount of money earned from sales

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Salary

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The money an employee earns for his/her work