The amount of products available to buy. (how many)
What is Supply?
100
Money you earn from working.
What is income?
100
Money that you owe, money that you borrowed to pay for things becomes this.
What is debt?
100
Another word for currency.
What is money?
200
What people would like to have (jewelry, games, toys,).
What are wants?
200
How many people want to buy something.
What is demand?
200
The paper mail or emails you get that tell you how much you need to pay on your debt each month (house payment, phone, utilities, credit cards, car payment, insurance)
What are bills?
200
Money you borrow and promise to pay back.
What is a loan?
200
Trading goods and services.
What is bartering?
300
Someone who makes or grows goods or provides services.
What is a producer?
300
Things that are made or grown.
What are goods?
300
The piece of paper that proves you bought something.
What is a receipt?
300
A plastic card that allows you to borrow money to pay for things at stores.
What is a credit card?
300
When you put a check or cash in the bank.
What is a deposit?
400
When you put away money for later.
What is saving?
400
Work that someone does for someone else
What are Services?
400
A plan to save and spend your money.
What is a budget?
400
A paper that is mailed or emailed from the bank that tells you how much money you deposited or spent from your account each month.
What is a statement?
400
How the government gets money for public services (schools, police, fire dept, etc.)
What are taxes?
500
When you give money, things or services to people for free.
What is donating?
500
A person who buys and uses goods and services.
What is a Consumer?
500
These can be fixed (stay the same) or variable (change from month to month)
What are expenses?
500
Money the bank charges you each month for loaning you money. (Usually a percent of the total bill)