Financial Vocab Test 1

Front

Labor

Back

The quantity and quality of human effort available to produce goods and services.

Front

Job

Back

A piece of work usually done on order at an agreed-upon rate.

Front

Income: Payments earned by households for selling or renting productive resources.

Back

Includes salaries, wages, interest, and dividends.

Front

Human Capital Interest

Back

Investment of time, effort, and resources in education and training to enhance knowledge, skills, and health.

Front

Interest

Back

Money paid regularly at a rate for using lent money or delaying debt repayment.

Front

Bitcoin is a digital cash form that removes the need for central authorities like banks, using a peer-to-peer network for direct user transactions.

Back

Form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users.

Front

debase

Back

reduced in quality or value.

Front

Cryptocurrency

Back

A digital currency created using encryption algorithms.

Front

ledger

Back

a collection of financial accounts.

Front

Career

Back

A purposeful course of action or purpose in life that generally provides income.