Finance Vocabulary Study Guide

Front

A nation's money

Back

Currency

Front

Converting one nation's money into an equivalent value/quantity of another's

Back

Currency Exchange

Front

The approximate value of one nation's currency in terms of another's

Back

Exchange Rate

Front

Money earned as a percentage (%) of a sale or service

Back

Commission

Front

Money received from work, investments, or other financial support

Back

Income

Front

The lowest wage permitted by law; in the U.S., $7.25 an hour

Back

Minimum Wage

Front

House payment

Back

Mortgage

Front

Terms for one's work-related financial earnings

Back

Wage/Salary

Front

A plan for spending and saving one's income

Back

Budget

Front

Financial obligations, such as bills

Back

Expenses