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Changing money from one country’s money to another
Currency exchange
The value of one country’s money compared to another
Exchange rates
A small fee or percentage charged for a service
Commission
To purchase something again (here to take back money that was exchanged)
Buy back
To give someone smaller bills or coins for a larger bill
Make change
To change a large bill into smaller ones
Break
To sign your name again to confirm or approve something
Countersign
A number printed on money or documents for identification
Serial number
The way private companies are managed to make profits and reach goals
Private administration
A method of managing work using science to improve efficiency and productivity
Scientific administration
The process of managing a company’s money including planning, organizing, and controlling finances
Financial administration
Documents that show a company’s financial activities like how much it earns and spends
Financial statements
The reasons or explanations behind money decisions in a company based on numbers and analysis
Financial reasons
The movement of money in and out of a business
Cash flow
Creating a plan to manage income, expenses and investments for the future.
Financial planning
Planning how to use resources (like money or materials) to get the most benefit
Utility planning
