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SAMMY FLAASHCARDS
vocab
| Term | Definition |
|---|---|
| Expenditure | Is a payment from a budget. |
| Debit Cards | Cards used to withdraw money from accounts. |
| Tariffs | Taxes on imports. |
| National Budget | Spending plan for the national gov't. |
| Wages | Money paid to a worker on an hourly basis. |
| Lieutenant Governor | The elected official serving as a deputy to the governor. |
| County | Is a the biggest government division of a state. |
| Alderman | Is a word used by some cities for a councilman. |
| Ordinances | Local or city laws. |
| User Fees | Money paid to the government to use their facilities. |
| expenditure | is a payment from a budget |
| revenue | is money coming into a budget |
| tariffs | tax on imports |
| budget | a financial for a person plan or government |
| sales tax | tax levied on consumer purchases on nearly all products |
| pollution | undesirable state of the natural environment being contaminated with harmful substances as a consequence of human activities |
| FDIC | federal corporation that insure individual deposits for up to 100.000 |
| easy money | when there is more money in circulation in the economy due to lower interest rates |
| tight money | when there is less money in circulation in the economy due to higher interest rate |
| collateral | property used to secure a loan |
| free trade | policy of reduced or no trade barriers |