CCR CH17 Vocab

Front

Act of trading goods/services for needs/wants?

Back

Barter

Front

Anything exchanged for goods/services

Back

Money

Front

Types of money in USA (dollar) and Europe (EURO)

Back

Currency

Front

Written orders to a bank to transfer funds between accounts.

Back

Checks

Front

Number printed on money indicating its worth

Back

face value or denomination

Front

Govt agency for US money creation & tracking

Back

Federal Reserve

Front

Amount of goods/services purchasable with money. $1 50 years ago bought more than today.

Back

Purchasing power

Front

Essentials for survival: food, shelter, water

Back

Financial needs

Front

Things you want to buy: motorcycles, cellphone, entertainment.

Back

Financial wants

Front

Measure of comfort based on possessions.

Back

Standard of Living