Unit Three Lesson Eight Economics

Anything owned to which a market value can be assigned

• Saving

• Banking

• Assets

• Stocks

A business whose main purpose is to receive deposits and make loans

• Loan store

• Financial Advisor

• Best Buy

• Bank

A card authorizing the user to buy goods and services with funds borrowed from the bank

• Credit card

• Gift card

• Debit card

• Checking card

A card authorizing the user to access his or her own funds on deposit in a bank account

• Debit card

• Checking card

• Credit card

• Cash card

A method of lowering risk by investing in a wide variety of financial assets

• Cash switching

• Debit consolation

• Money laundering

• Diversification

A periodic payment for the use of borrowed funds; interest is paid on a loan

• Principal

• Interest

• Percentage rate

• Savings

Using money with the intention of making a financial gain

• Investing

• Saving

• Spending

• Diversification

The amount of money borrowed, or the amount of money still owed on a loan, apart from the interest

• Interest

• Collateral loan

• Principal

• Savings

Setting aside a portion of income for use in the future

• Capital flow

• Spending

• Investing

• Saving

Money functions as

• A medium of exchange

• A store of value

• A standard of value

• All answers are correct