SS Unit 3a Vocabulary - Quiz
| __ | 1. | barter | | A. | exchange of goods and services. | | __ | 2. | budget | | B. | the plan for the management of resources. | | __ | 3. | check | | C. | person that purchases a good or service. | | __ | 4. | consumer | | D. | authorizes the holder to spend | | __ | 5. | credit | | E. | a promise of money from one person to another. | | __ | 6. | credit cards | | F. | amount of money a person is allowed to spend and | | __ | 7. | denominations | | G. | sizes of money | | __ | 8. | deposit | | H. | place ($) into the custody of a bank | | __ | 9. | distributors | | I. | buy products from producers and sell to consumers | | __ | 10. | economics | | J. | study of the production, distribution, and use of products |
| __ | 11. | economy | | A. | management of resources. | | __ | 12. | estimate | | B. | a projection of the cost of the service and supplies. | | __ | 13. | financial institution | | C. | establishment dedicated to helping individuals/businesses | | __ | 14. | free enterprise | | D. | system in which businesses are free to organize and | | __ | 15. | goods | | E. | actual products that people buy and sell. | | __ | 16. | interests | | F. | charge for borrowing money. | | __ | 17. | loans | | G. | to sell something for less and production cost. | | __ | 18. | loss | | H. | banks letting people borrow money. | | __ | 19. | market | | I. | the group of people to whom the products and services are re | | __ | 20. | market (place) | | J. | where buyers and seller exchanging good and services. |
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