Money Matters Flashcards
1
Q
giving one thing for another, this helps families get what they need
A
Trade
2
Q
not having enough of something
A
scarcity
3
Q
a place where you can get goods or services
A
market
4
Q
a safe place to keep your money
A
banks
5
Q
something people can use
A
resource
6
Q
how much there is of something to buy
A
supply
7
Q
when a high number of people want or need a resource
A
demand
8
Q
a card that lets you buy something now and pay for it later
A
Credit card
9
Q
a fee someone pays for using money
A
interest
10
Q
things that are made for people to buy or use
A
goods
11
Q
work or duty that someone does for someone else
A
services
12
Q
money workers must pay to help fund community services, roads, parks, and many other things
A
taxes
13
Q
the money people earn
A
income
14
Q
people who buy goods and services
A
consumers
15
Q
people who make goods
A
producers
