Deck 5 Flashcards
debit card
a card that lets you take money directly out of your checking account to make a purchase
maturity date
the date when money will be paid back
certificate of deposit (CD)
- earns more interest
- has a fixed date when banks
- will pay you back
- has an early withdrawal fee
economy
the way a nation uses its limited resources to produce goods and services
resources
the supplies used to produce goods and services which may include materials, land, money, and people
shortage
a situation when there is not enough to satisfy a need; it happens when the demand is greater than the supply
demand
the desire and willingness to buy goods or services
surplus
a situation when there are leftovers after meeting all the needs; it happens when the supply is greater than the demand
unemployment
the number of people who are looking for work but cannot find a job
inflation
the general increase in prices of goods and services
share
a unit (part or portion) of ownership in a business
stock market
the place where the stocks or shares of publicly listed companies are bought and sold
supply
the availability of goods or services
investor
someone who provides money with the expectation of a gain or profit
stock
part of a company that can be traded
