SS8E3 Review Questions

Front

setting aside money for future use and the money remaining after paying all expenses

Back

Savings

Front

the amount of money borrowed or owed to another person

Back

Debt

Front

a legal proceeding where a person or business is unable to pay off debt

Back

Bankruptcy

Front

is a fee on borrowed money

Back

Interest

Front

is used when people buy something now and pay for it later

Back

Credit

Front

when people give time and services to an employer in return for receiving money

Back

Income

Front

the amount of money spent on a specific thing

Back

Expenditure

Front

the medium of exchange used to buy goods and services

Back

Money

Front

is a plan for spending

Back

Budget

Front

giving money or resources to gain a financial return

Back

Investing