banking
economic terms
more economic terms
government
even more economic terms
100

Where you keep your money or where you go to borrow money.

bank

100

The money earned from working, that comes into the household. 

income

100

Goods that come into the country

imports

100

What does the word amendment mean?

a change for the better

100

The money you owe, when you buy something with borrowed money. 

debt

200

Any activity on your banking account.

transaction

200

Items that cost money, they can be monthly, or at different times of the year, like electric bills, rent, water bill.

expenses

200

The customers or people who purchase the goods. 

consumers

200

What does ratify mean?

to approve
200

Each country’s form of money. 

currency

300

When you take money out of your bank account.

withdrawal

300

The plan you have for your money.

budget

300

Items merchants sell. 

merchandise

300

What does veto mean?

not approved or "no"

300

Demand for a product is higher than supply; you do not have enough goods or products.

scarcity

400

When you add money to your bank account.

deposit

400

How many consumers want to buy something.

demand

400

The amount of something being offered by a producer to a consumer. 

supply

400

What does abolish mean?

to get rid of  /  or end

400

The person making the goods people buy. 

producer
500

The fee charged when money is loaned.

interest

500

Goods that leave our country.

exports

500

When you have more product than demand.

surplus

500
What does secede mean?

to leave

500

The value of currency based on supply and demand. You need to use this when you travel to another country to know how much your money is worth. 

exchange rate