Financial Literacy Vocabulary Review

the amount of money received in a particular time (weekly, monthly, yearly) in exhange for work

money that is borrowed by a person to purchase goods or services; borrower agrees to repay

goods or services that a person may desire, but are not essential for life

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

money paid by a borrower in exchange for using a lender's money for a certain period of time

the situation when the demand for particular goods or services is greater than the supply

to work in exchange for payment

an occupation or profession chosen as a person's life work

to work (verb) ; the group of people who work for a company or business (noun)

to give money or other resources to help others

people and businesses that use resources to create goods and services

a person or business that loans money

a requirement, something necessary for life, such as food, shelter, and clothing

items produced for sale

to use money or other resources to pay for goods or services

work completed for an employer in exchange for payment

how easy or difficult it is to obtain goods or services

a measure of how desirable goods or services are based on availibility

a regular payment, usually hourly or weekly, paid to a worker by an employer

activities performed by people or businesses that satisfy other people's needs

an amount of money used to buy goods or services

the materials, money, and supplies that are necessary to make goods and services