Financial Literacy Review

To use money to buy a good or service

• borrow

• lend

• save

• spend

To put money in a bank account

• deposit

• save

• spend

• produce

To keep money so it can be used later

• spend

• borrow

• deposit

• save

To take money out of a bank account

• deposit

• withdrawl

• borrow

• spend

A person that takes and uses something belonging to someone else with the intention of returning it

• lender

• borrower

When someone makes money or items available to another person with the expectation that it will be returned.

• lender

• borrower

What is income?

• Money you lend to someone else to use

• Money you make from doing a job

A person or business that makes good or provides a service

• Producer

• Consumer

A person or a business that buys or uses a good or service.

• Producer

• Consumer

Items that are sold or bought

• Benefit

• Lenders

• Borrowers

• Goods