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words and definitions

TermDefinition
an account an arrangement with a bank to keep your money there and to allow you to take it out when you need to
an advance the forward movement of something, or an improvement or development in something
a coin a small round piece of metal which is used as money
a commodity a substance or product that can be traded, bought or sold
convenient suitable for your purposes and needs and causing the least difficulty
a currency the money that is used in a particular country at a particular time
deflation when something becomes smaller or weaker
devaluation reducing the value of one country's money when it is exchanged for another country's money
generosity the quality or condition of being generous and giving
to impose to officially force a rule, tax, punishment, etc.
inflation a general, continuous increase in prices
a phenomenon something that exists and can be seen, felt, tasted, etc., especially something which is unusual or interesting
a proportion the number or amount of a group or part of something when compared to the whole
receipt the act or state of receiving money or goods
simplified less complicated and therefore easier to do or understand
a tax money paid to the government, which is based on your income or of the cost of goods or services you have bought
Created by: Lord Humungous
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