finacial litercy Flashcards
1
Q
what is borrowing
A
receiving money that must be paid back with intrest
2
Q
trading
A
an act of expense between a person or company
3
Q
budget
A
an calculating estimate of future income and expenses
4
Q
donating
A
giving money for a good cause
5
Q
expenses
A
things that must be paid for etc. bus ride and train ride
6
Q
interest
A
when you owe money with the money that we already owe
7
Q
lending
A
when you give money to someone expecting it back with interest
8
Q
saving
A
keeping money for a later use
