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Ch 1 vocab

vocabulary

AB
Valuesare your own personal beliefs
Opportunity costa trade off
Liquidityto be ablility to get cash fast
servicething that something does for you
goodsomething that can be mesured
Economicsstudy of decisions
economyways people use goods
supplyamount of goods for sale
demandamount of goods that someone is willing to buy
federal reserve systemthe feds control the cash
inflationprices on goods go up
consumerone who consumes
interestprice paid for the use of anothers money
time value of moneyincrese of an amount of money as a result of interest
principalamount of money you deposite and on which interest is paid
futer valueamount you originally purchase will be more
annuityregular deposits
present valueamount you need to deposite now in order to get enough for the future
outsorcehow much you get
unemploymentwhen a person has no job


Computer Applications and Business Instructor
Ansbach Middle/High School
APO, AE

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