Financial Literacy Final Review part 2

What is the term used to describe property that can be used as security for a loan

One that owns a business and is self-employed is an/a

The increase in general level of prices for goods and services is

This statement shows how much a person is worth based on assets and liabilities

Liabilities are

A cash deposit or the value of a trade in is considered

An economic decline is also known as

This type of business is designed to have unlimited growth

This tool is used to keep a running balance of your account and track your transactions

The idea that people's wants/needs are unlimited and supplies are limited

The amount of money paid for overtime is

The highest price a property will sell for on the open market is

All activities related to making and distributing goods and services in a country is

Document describing steps to be taken to open and operate a business

Giving up one option in exchange for another is