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Unit 9

Financial and Economic Literacy

TermDefinition
Budget an estimate of income and expenditure for a set period of time
Consumer a person who purchases goods and services for personal use
Credit the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Economy the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
Finance the management of large amounts of money, especially by governments or large companies.
Interest money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Investor a person who allocates capital with the expectation of a financial return
Literate the ability to read and write
Producer a person, company, or country that makes, grows, or supplies goods or commodities for sale.
Profit a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Created by: Gallagher