BizTown- Lesson 1 Financial Institutions Vocab

A machine that allows bank customers to deposit or withdraw money without visiting their bank.

• Safety deposit box

• Credit card machine

• ATM (automated teller machine)

• Credit Union

The current amount of money in an account.

• profit

• income

• balance

• interest

A business that offers money-related services to its customers, including loans and checking and savings accounts.

• Wawa

• Bank

• Franklin Mint

• Financial Advisor

A company that sells goods or services.

• Bank

• Business

• Credit Union

• Economy

An investment that earns interest over a specific period of time.

• ATM

• Certificate of deposit (CD)

• interest

• pay check

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

• A Memo

• credit card

• A letter

• Check

A bank account used to pay bills and access funds using checks and debit cards

• checking account

• check

• savings account

• transaction

A card that allows the holder to buy goods and services by taking out a bank loan.

• debit card

• ATM

• credit card

• Certificate of deposit

A financial institution owned by its members that provides many of the same services as a bank.

• Bank

• ATM

• Credit Union

• Franklin Mint

A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services.

• Debit Card

• Green Card

• Credit Card

• Check