Financial Fundamentals

4. is the value of the next best thing.
5. are similar to banks, but they are not-for-profit organizations owned by their customers.
6. These banks provide their services ONLY to wealthy (rich) people.
8. financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
10. The health, happiness, and fortunes of a person or group.
13. These banks focus on businesses as customers.
16. focuses on bussinesses and individuals.
17. is anything of value to us that we can use to make a good or service.

1. Products, materials and any other physical things which can be bought, traded, or sold to consumers.
2. a current medium of exchange.
3. is the study of choice.
7. is a place, real or imaginary, where consumers and producers get together to exchange goods or services.
9. Actions or work activities performed by one person
11. what consumers want.
12. People who personally buy or use a good or service
14. when the producers CAN MAKE the same amount of goods that the consumers WANT TO BUY
15. what producers make or give.
17. These banks offer loans, credit cards and have multiple locations around their countries.
18. not enough