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Economics- April 2022 Unique Vocabulary

  •  English    16     Public
    Vocabulary related to basic aspects of Economics.
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  • A business where people can save their money or borrow money is called a _________.
    bank
  •  15
  • To ask to use something then give it back later is to ___________.
    borrow
  •  15
  • To pay money to get a good or service is to _________.
    buy
  •  15
  • Coins and bills used to pay for things are called _________.
    cash
  •  15
  • A piece of paper that uses money from a bank account to pay for things is called a _________.
    check
  •  15
  • A card that uses borrowed money to pay for things and must be paid back is a ________ ________.
    credit card
  •  15
  • A card that uses money from a bank account to pay for things is called a _______ ________.
    debit card
  •  15
  • How much people want or need to buy something is called __________.
    demand
  •  15
  • An item that is made or grown in order to be sold is called a _________.
    good
  •  15
  • Something you must have and cannot live without is called a _________.
    need
  •  15
  • The amount of money a good or service costs is its __________.
    price
  •  15
  • When goods or services cost less than the original amount, they are on __________.
    sale
  •  15
  • To keep money instead of spending it is to ________.
    save
  •  15
  • To give something to someone after being paid for it is to _________.
    sell
  •  15
  • Something a person or business does for someone else is called a _________.
    service
  •  15
  • Something you would like to have but do not need is a ________.
    want
  •  15