(2/20) Unit 6 2000 Core Vocabulary Words Flashcards
Money
What is a bill?
A request for payment of money owed.
What does it mean to borrow?
To take and use something with the intention of returning it.
What is a budget?
The amount of money you have available to spend.
What does buy mean?
To get something by paying money.
What is cash?
Bills or coins.
What is a cent?
A unit of money equal to 1% of a dollar.
What is currency?
The money a country uses.
What is debt?
Debt is the need to pay or return something (usually money) that is owed to someone else.
What is a dollar?
A unit of money equal to 100 cents.
What does it mean to earn?
To get money for work you have done.
What does economic mean?
Concerned with the organization of money, industry, and trade of a country.
What does exchange mean?
To give something and receive something in return.
What is money someone gets for work?
income
What is protection against certain accidents that is provided by a company in return for a fee?
insurance
What is a situation in which more money is spent than earned or received?
loss
