Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
11 Cards in this Set
- Front
- Back
|
Credit |
An arrangement in which a buyer can borrow money to purchase something and pay for it over time |
|
|
Interest |
The paid price for borrowing money |
|
|
scarcity |
a limited amount of resources to meet unlimited wants |
|
|
opportunity cost |
the cost of what you have to give up to get what you want |
|
|
budget |
a plan that shows income and expenses over time |
|
|
free trade |
the removal of trade barriers |
|
|
tariff |
a tax on imports |
|
|
bond |
a certificate issued by a company or government promising to pay back borrowed money with interest |
|
|
investing |
the act of using money in the hope of making a future profit |
|
|
trade barrier |
a government policy or restriction that limits international trade |
|
|
imports |
goods and services sold in a |
