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Question | Answer |
A spending and savings plan | Budget |
expense which are the same month after month | Fixed Expenses |
expenses that vary (or change) over time | Variable Expenses |
the price paid to get a good or service | Costs |
Money charged for the use of money | Interest |
an advantage or something that helps you | Benefits |
buy now, pay later | Credit |
a card allowing someone to make a purchase on borrowed money | Credit Card |
money borrowed against a home or land | Mortgage |
individuals purchase part of the corporation | Stocks |
as source of supply, support, or aid | Resources |
shortness of supplies. Less than needed | Scarcity |
the next best choice you could have taken | Opportunity Costs |
Things you have to give up when you make a choice | Trade Offs |
a market where stocks and bonds are traded | Stock Market |