Across
- 4. Inflation occurs when the prices of goods and services increase over time.
- 5. A small metal disc that we use a money
- 6. The act of giving something to someone with the understanding that they will give it back to you.
- 8. Something that an employer, the government, or an insurance company provides that’s often used only for a particular purpose, such as food or medical costs. Also: An advantage; something that is good
- 9. Objects people want that they can touch or hold, such as toys, clothes, and food.
- 11. Compensation received by an employee for services performed. A salary is a fixed sum paid for a specific period of time worked, such as weekly or monthly
- 12. Borrowing money, or having the right to borrow money, to buy something. Usually it means you’re using a credit card, but it might also mean that you got a loan.
- 14. Basic things people must have to survive, resources they need to do their jobs, and resources to help build and protect their assets so they can meet future needs.
Down
- 1. Money that needs to be repaid by the borrower, generally with interest.
- 2. Required payments of money to governments, which use the funds to provide public goods and services for the benefit of the community as a whole.
- 3. To receive something on loan with the understanding that you will return it
- 4. A fee charged by a lender, and paid by a borrower, for the use of money. A bank or credit union may also pay you interest if you deposit money in certain types of accounts.
- 7. A plastic card used to make purchases at businesses (like grocery stores and gas stations) with money in your checking account.
- 8. To get something by paying money for it.
- 10. Paper or coin money
- 13. A financial institution and business that accepts deposits, makes loans, and handles other financial transactions.