Econ Bingo Quizs

currency with a set trading value

• money

• barter

• credit

• debt

trading goods or services without using money

• barter

• trade

• commerce

• exchange

something you have to have that you cannot to without

• want

• need

• wish

• hope

the study of the production, consumption, and distribution of goods and services.

• economics

• sociology

• psychology

• anthropology

comparing income and expenses (a plan for using money)

• budget

• savings

• investment

• debt

When you don't have the money for something but you are still able to buy it by borrowing money. You are in ______.

• Debt

• Credit

• Savings

• Investment

the amount of a certain product that the producer is willing and able to sell at a certain price

• demand

• supply

• market

• price elasticity

a form of using debt, where a person charges something and agrees to pay it back later

• debit

• credit

• loan

• mortgage

a consumer's willingness to purchase a certain good and the amount of money that they will spend on that product

• supply

• demand

• equilibrium

• scarcity

money that is lent for interest

• grant

• donation

• loan

• savings