7th Grade Ag Business Terms

A financial institution where money is kept

• Banking

• Bank

• Budget

• Currency

Using a bank to manage your money

• Banking

• Currency

• Expenses

• Budget

An outline of your plan for spending and saving

• Currency

• Expenses

• Budget

• Interest

A card for making purchases with funds you borrow and pay back later

• Savings account

• Investment

• Credit card

• Debit card

Coins, bills and other types of money

• Prepaid card

• Investment

• Banking

• Currency

A card that allows you to make purchases with money from your checking account

• Debit card

• Savings account

• Prepaid Card

• Investment

The money you spend regularly for items or services

• Expenses

• Investment

• Interest

• Loans

An item or financial product that you expect to earn a profit on in the future.

• Interest

• Expense

• Loan

• Investment

A fee you pay to borrow money or the payment you receive on savings

• Interest

• Investment

• Expense

• Loan

Money that you borrow and pay back with interest over time

• Interest

• savings account

• Loan

• currency