Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Finance
Personal Finance and Literacy
| Term | Definition |
|---|---|
| Lending / Lend / Lent ( Past tense) | providing others with money or goods now that will be returned or paid back in the future |
| Producer | people who make goods or provide services |
| Consumer | someone who buys goods or services. A Customer. |
| Borrowing | receiving money or goods now that will be returned or paid for in the future |
| Balance | the amount of money that is in a bank account after a deposit or withdrawal |
| Deposit | money put into a safe place |
| Interest earned | money received for saving money in a bank account |
| Saving | setting aside money earned or received for future use |
| Spending | purchasing goods and services to satisfy wants and needs |
| Withdrawls | money taken out |
| Decreases | getting smaller in amount or value |
| Increases | getting larger in amount or value |
| Bank Account | An account used to deposit money at a bank or credit union. Money can be added or removed from the account by visiting the bank or writing a check |
| Allowance | Money given to a child on a regular basis. The money may be designated for a specific purpose or to spend as the child chooses. In some cases, the money is tied to the completion of household chores. |
| Responsible Borrowing | being able to pay it back. |
| Irresponsible Borrowing | not being able to pay it back. |
Created by:
nphillips
Popular Math sets