Financial Literacy Vocabulary Quiz

A requirement; something necessary for life

work completed for an employer in exchange for payment; what one does

To work in exchange for payment

Activities performed by people or businesses that satisfy/meet other people's wants or needs

Money that is borrowed by a person to purchase goods or services

A measure of how desirable goods or services are based on AVAILABILITY and PRICE

The education, skills, knowledge, experience & abilities that make a person a valuable employee

People and businesses that create goods and services

To get/obtain or use money from a bank or a person in order to purchase goods or services

Items that are sold and bought; items produced for sale

A person or organization that USES the goods and services produced by others

The amount of money one receives in a specific amount of time in exchange for work done

When the DEMAND for particular goods or services is GREATER than the SUPPLY

The AMOUNT of particular goods or services that are available for use

A person who borrows money

A person or business that loans money