Consumer Ed Final Review

A financial institution that keeps your money safe and can provide services like checking accounts, savings accounts, loans, and credit cards.

• a bank
• a wallet

__________ is a shortage of resources to satisfy the wants and needs of its people.

• scarcity
• drought

Resources that are limited

• renewable resources
• nonrenewable resources

__________ is the amount or quantity of goods and services that consumers are willing to buy at various prices.

• demand
• supply

These can be physically weighed or measured.

• goods
• services

_________ is the amount of goods and services that producers will provide at various prices.

• demand
• supply

An account in which you store money for an extended amount of time and gain interest.

• checking account
• savings account

____________ is the study of making choices.

• economics
• deal or no deal

These are things that you wish you could have.

• wants
• needs

An account with a bank or credit union that allows you to deposit and withdraw money.

• checking account
• savings account