Follow the Money Flashcard

Front

What is a 'vendor'?

Back

A business that sells goods or services.

Front

What does 'guarantee' mean?

Back

To provide a promise of certain conditions.

Front

What does 'issue' mean in this context?

Back

To give something out.

Front

What is the 'economy'?

Back

The system by which a country's goods and money are made and used.

Front

What does 'evolve' mean?

Back

To change slowly over time.

Front

What is a 'financial plan'?

Back

A strategy for managing income, expenses, and investments.

Front

What is 'currency'?

Back

A system of money in general use in a particular country.

Front

What does 'transaction' mean?

Back

An instance of buying or selling something.

Front

What is 'supply and demand'?

Back

The relationship between the amount of a product and the desire for that product.

Front

What does 'inflation' mean?

Back

The rate at which the general level of prices for goods and services rises.