Money Wise Terminology

2. is the chance that an investment’s actual return will be different from what was expected
5. Should be easy to identify and people should feel confident that it is difficult to counterfeit
9. ______ deposit means storing money at a bank to earn interest for a set period of time, cannot withdraw for a specific period
11. digital currencies that only exist online and can be purchased on currency exchanges in Australia using a traditional flat currency, that is, Australian dollars e.g. Bitcoin.
13. Can be easily divided to allow for small transactions

1. Able to be kept and re-used for a long time
3. using money to make profitable returns, such as interest, income, or appreciation in value. One investment option is to buy shares, for example, using a phone app, I bought Walmart shares in NYSE index.
4. a current medium of exchange in the form of coins and bank notes. For example 50 cents and $10 AUD bank notes.
6. exchange (goods or services) for other goods or services without using money.
7. the basic economic problem, the gap between limited resources and unlimited needs and wants.For example, there are limited supply of caviar because it is difficult to extract the roe from a specific fish which leads to scarcity.
8. buying part ownership of a company to earn dividends and selling it for a higher price to make capital gains
10. If people are not willing to accept something as valuable, it cannot be used as money
12. Easy and convenient to carry around