| A | B |
|---|
| exchange | money is a medium of |
| coins | money is made up of dollars and |
| bartering system | before money this system of buying an selling was used |
| portable | characteristic of money that means it is easy to carry around |
| durable | characteristic of money that means it lasts for a long period of time |
| divisible | characteristic of money that mean it can be broken down to certain units of currency |
| uniformity | characteristic of money that means al $5 notes look the same / have same value |
| acceptibility | characteristic of money that means it is seen as valid within the country |
| buy items they need | Money allows people to do what |
| list of things that humans need for survival | Shelter, Clothing, Water, Heat, Food |
| list of things that humans want (not required for survival) | Smart watch, Flat screen tv, mulberry bag |
| store value | Money can be saved over a period of time and it should not lose value. This is called |
| dollars | Currency of Austalia |
| AUD | Abbreviation for Australian dollars |
| denominations | Term that describes the different categories of dollars eg $5, $10, $20 |
| two hundred | If $2 = 1 pound. How many dollars would it cost to buy a pair of runners at 100 pounds |
| australian coins | 5, 10, 20 and 50 cents plus one and two dollar are all what |
| banks | an institution were you deposit money |
| bendigo bank | name of a bank found in many rural towns in Australia |
| safety | people deposit money into the bank as its a place of |
| interest | people deposit money into their bank as it may gain |
| loan | term that describes when you borrow money from a bank |
| mortgage | the name given to the biggest loan you will borrow |
| cards | banks make money by charging customers interest on money owed on Credit ? |
| insurance | banks make money by selling products such as this |
| savers | collective name for customers who put money into bank account on regular basis |
| borrowers | collective name for customers who have loans with a bank |
| administration | another fee charged by banks |
| bank account | One of the first steps to take control of your money is to open a |
| save | With a bank account you can spend, S...? or grow (invest) |
