A | B |
Values | are your own personal beliefs |
Opportunity cost | a trade off |
Liquidity | to be ablility to get cash fast |
service | thing that something does for you |
good | something that can be mesured |
Economics | study of decisions |
economy | ways people use goods |
supply | amount of goods for sale |
demand | amount of goods that someone is willing to buy |
federal reserve system | the feds control the cash |
inflation | prices on goods go up |
consumer | one who consumes |
interest | price paid for the use of anothers money |
time value of money | increse of an amount of money as a result of interest |
principal | amount of money you deposite and on which interest is paid |
futer value | amount you originally purchase will be more |
annuity | regular deposits |
present value | amount you need to deposite now in order to get enough for the future |
outsorce | how much you get |
unemployment | when a person has no job |