Biz Town Vocabulary

ATM stands for

• Automated Town Money

• Automated Teller Machine

• Automated Trade Money

• Automated Transaction Machine

Financial Institution

• A person that gives advice about money

• A place where people hang out and talk about money.

• A school where you learn how to use your money wisely.

• A business that provides money-related services.

Interest

• Money you earn from your work.

• Things you like to do

• A fee received or paid for the use of money.

• Things you are good at.

Savings account

• An account that usually earns interest and is often used to hold money that is not needed right away.

• The money an employee earns from his or her work.

• The amount of money left after all business expenses have been paid.

• The amount of money charged for a good or service.

Loan

• Goods that a business has in stock to sell.

• A symbol to promote a business or product.

• Money borrowed that must be repaid, usually with interest.

• The total of expenses needed to run a business.

Debit card

• A card that allows customers to electronically and immediately withdraw funds, or money from their account.

• A card that is purchased for a certain amount and then used like cash.

• A card that allows the holder to buy goods and services.

• A card that allows customers to electronically and immediately withdraw funds, or money from their account.