Expenses
Markets
Banking
National Economics
Potpourri
100
The amount of income you receive after all taxes are deducted
What is Net Income
100
Contest among sellers to win customers
What is Competition
100
A computer terminal used to transfer money
What is an ATM
100
An economic system in which government owns most resources
What is a Command Economy
100
Property pledged to back a loan
What is Collateral
200
Expenses that you have already committed to spend
What are Fixed Expenses.
200
Non-profit business sponsored agency that promotes honest business practices
What is the Better Business Bureau
200
The ability to borrow money in return for the promise of future repayment
What is Credit
200
Economic system in which the people own the resources
What is Market Economy
200
Companies promise that its product will meet specific standards over a given period of time
What is a Warranty
300
The amount of income you receive before taxes have been deducted
What is Gross Income
300
The quantity of a product that producers are willing to make at a certain price
What is Supply
300
Electronic communication that moves money from one bank to another.
What is a Wire Transfer
300
Exchanging goods or services without using money
What is Bartering
300
A plan for dividing your income among spending and saving
What is a Budget
400
The amount you pay for a loss before the insurance company pays
What is Deductible
400
A company that has an unfair advantage over competitors
What is a Monopoly
400
A check that has been deducted from your checkbook but not returned to the bank.
What is an Outstanding Check
400
Economic system in which production methods are passed from generation to generation
What is Traditional Economy
400
Formal request made to an insurance company for payment of a loss.
What is a Claim
500
Expenses that you can choose to spend or not to spend
What are Flexible Expenses
500
The quantity of a product that consumers are willing to buy at a certain price.
What is Demand
500
Having your paycheck deposited directly into a bank account.
What is Direct Deposit
500
On money loaned banks charge
What is More interest then they pay on amounts in savings accounts
500
A card that transfers funds electronically from your checking account
What is a Debit Card
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