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Personal Finance
vocabulary practice
| Question | Answer |
|---|---|
| money that is owed to another person | debt |
| extra charges added to the cost of a loan | interest |
| money set aside after paying your bill. usually put into a bank. | savings |
| money that you borrow from a bank. | loan |
| money earned through work | wages |
| buying now and paying later. | credit |
| a spending plan | budget |
| stock | a share of a company that you can buy |
| places that keep or invest money like a bank | financial institutions |
| money gained from wages and investments | earnings |
| money put into stocks or other things with the hope of gaining profit | investment |
| goods | objects people buy to satisfy their needs |
| service | an activity provided for a fee |
| consumer | some one who buys a product or service |
| producer | some one who makes a good or provides a sevice |
| demand | all the goods people are willing to buy during a period of time |
| payday loans | a type of borrowing that has high interest rates for short periods of time |
| bank | an institution where you can keep your money |
| credit | a way to buy now and pay later |
| income | money gained through a job |
| commission | the money charged to buy stocks |
| financial markets | places that have stocks or bonds like the NY stock exchange |
| Discount Broker | a person who sells stocks but does not give advice to its customers |
Created by:
daniel.king
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