Money 101

3. a card issued by financial institutions that allows cardholders to make purchases on borrowed money to be paid back later
5. are the costs incurred in the course of business or daily living
9. refers to the value of the next best alternative that is forgone when making a decision
10. physical paper and coin currencies that are readily available for spending.
11. Numerical measure of creditworthiness.
13. percentage of available credit that a borrower is currently using
15. sums of money that are borrowed and are expected to be paid back with interest over a specified period

1. A plan that outlines expected income and expenses over a certain period, helping manage financial resources.
2. a detailed record of an individual's credit history, including information about credit accounts, payment history, outstanding debts, and any bankruptcies or delinquencies
4. The maximum amount of credit that a lender allows a borrower to access on a credit card or loan.
6. is a financial arrangement that provides protection against potential financial losses or risks
7. is the money earned or received by an individual
8. money that is set aside for future use
12. is the potential for loss or injury in a financial context.
14. mandatory financial charges imposed by the government on individuals and businesses to fund public services