vocabulary
Business that keeps money for customers, makes loans, and provides other money-related
services.
Banks
To use money to make more money.
Invest
It’s calculated by dividing the number of people who aren’t working by the number of people who are working, and then multiplying that number by 100.
Unemployment Rate
When something is rare or there is not a lot of something.
Scarcity
Money a person earns.
Income
To set aside money to use later; to keep money in a bank.
Save
Taking money out of a bank account.
Withdraw
Extra; more of a product than is needed.
Supply
Money a business makes after expenses are paid.
Profit
Amount of money for something offered for sale.
Price
The number that occurs most often in the data set of numbers.
Mode
Something you would like to have but don’t necessary need.
Want
A piece of a company or business.
Stock
An annual rate of pay.
Salaries
Money you pay the government.
Taxes
The middle number in the data set of numbers must be ordered least to greatest first.
Median
Person or group of people performing a service without pay.
Volunteer
640,000 notes or bills of any denomination packaged together.
Skid
Individual’s beliefs about what is important, desirable, and worthwhile.
Value
A circulating medium of exchange, including paper money or coins.
money
Work or workers.
Labor
Sum of money borrowed for a certain amount of time.
Loans
When workers focus on doing only one part of a job.
Specialization
Money received from selling goods and services.
Revenue
Bank worker who takes deposits and pays out withdrawals.
Teller