3rd Grade Personal Financial Literacy Vocabulary

A supply of something that people or a group has and can use when it is needed

not having enough of a resource; hard to find; low in number

giving things such as money, items, and time to others and not expecting anything in return

money you pay, such as a fee, when you borrow money or money you receive for lending money

things a person wishes to have but can live without

Providing goods or services for others in exchange for payment

The borrower receives something of value NOW and agrees to repay LATER, with INTEREST

an amount of money that is saved or put aside for the future

the temporary giving of money

the knowledge, education, or skills that can be used by a person to earn income --

things a person must have to survive

Amount of money received in exchange for providing a good or service