Economy Vocab Part 2

Economy Vocab Part 2

Assessment

Flashcard

Geography

7th Grade

Hard

Created by

Wayground Content

FREE Resource

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13 questions

Show all answers

1.

FLASHCARD QUESTION

Front

A bank loans money assuming you have good...

Back

credit.

2.

FLASHCARD QUESTION

Front

Company incentives like health insurance, retirement plans, and paid vacation are known as

Back

benefits.

3.

FLASHCARD QUESTION

Front

Debt is described as

Back

your obligation to pay back a loan.

4.

FLASHCARD QUESTION

Front

Parents starting an ice cream truck business in summer is known as

Back

free enterprise.

5.

FLASHCARD QUESTION

Front

Fee for borrowing money or extra funds in accounts, like savings.

Back

Interest

6.

FLASHCARD QUESTION

Front

You ask the bank for a loan to buy a car. The bank considers you a...

Back

borrower.

7.

FLASHCARD QUESTION

Front

Considerations for business profit planning:

Back

costs.

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