chapter 22 Flashcards

1
Q

money that is earned from work or investments

A

income

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2
Q

money paid for the use of someone else’s money

A

interest

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3
Q

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

A

long-term goal

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4
Q

something important or valued that is given up, especially for something else important

A

sacrifice

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5
Q

something you want to achieve in the near future

A

short-term goal

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6
Q

exchanging one thing for another

A

trade-off

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