chapter 22 Flashcards

1
Q

income

A

money that is earned from work or investments

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2
Q

interest

A

money paid for the use of someone else’s money

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3
Q

long term goal

A

an objective to strive for a work hard toward, but which is very far away

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4
Q

sacrifice

A

something important or valued that is given up, toward, for something else important.

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5
Q

short term goal

A

something you want to achieve in the near future

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6
Q

trade off

A

exchanging one thing for another

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