ST7: Financial Institutions and Regulatory Agencies

ATM

• Automated Teller Machine - machine at bank that gives money

• All Terrain Vehicle

• ATOM - the smallest particle of an element

• All Trees Must Die

Automatic Bill Pay

• You pay a man named Bill.

• Your bank or credit card account pays a bill or fee automatically each month

• You write a check to Bill for rent.

• The duck's beak is called a bill.

Balance - as related to finances

• A bad man

• What you do when you ride a bike.

• The money you have in your bank account

• a kind of dessert

Bank - the financial institution

• a kind of sausage

• a turn in the road

• the side of a river

• A place where you save your money and obtain loans.

bank account

• The money that you save in the bank

• the entrance to the bank

• the side of a river

• your personal diary

bank statement

• Your mom's maiden name

• a report on your bank account

• When a man at the bank tells you a secret.

• a building where people save money

bounced check

• when the bank manager is angry

• when you look

• When the check bounces like a ball

• When someone writes a check but there is INSUFFICIENT money in their bank account

What does "barter" mean?

• The man who serves drinks in a bar.

• Some silly answer.

• to exchange goods and services without using money

• a kind of cryptocurrency like Bitcoin

What is "fiat money."

• Money created by a government with no gold or asset backing it.

• Money backed by gold.

• Money backed by silver.

• An Italian car manufacturer.

Who creates money in the United States?

• The President

• The State Department

• The Supreme Court

• The U.S. Treasury Department