Money basics
Money earned from a job
What is income
A place where people keep their money safe
What is bank
This tax is paid by the homeowner based on the value of their land and structures
What is property tax
A card that allows you to borrow money for purchases
What is credit card
When people don´t have a job
What is a unemployment
A plan for how to spend and save money
What is budget
A account used for everyday spending
What is checking account
Tax added to many purchases
A number that shows how responsible you are with borrowing money
What is Credit score
The amount of money you borrow from a lender and have to pay back
What is loan
Money set aside for futher use
What are savings
An account that helps people save money and earn interest
What is savings account
Tax paid on money earned from working
what is income tax
Money borrowed to pay for college
The law of supply and demand helps determine this for goods and services
What is price
The amount of money left after expenses are paid
What is profit
Money a banks pays you for keeping your money in the bank
What is interest
A form employees fill out to tell how much to withold.
What is a W-4
This document shows your borrowing and payment history
What is credit report
When consumers spend more money on goods and services, the economy usually increases
What is economic growth
A rise in prices over time
What is inflation
A machine you use to take out money
what is ATM
The government agency that collects federal taxes
What is the IRS
This credit includes mortgages and auto loans with fixed payments over time
What is installment credit
Economic system that relies on private ownership and competition
What is capitalism