Economics Vocabulary Quiz - INTMD

Businesses where people save money and receive loans. 

• STORES

• BANKS

• SCHOOLS

• GOVERNMENT

A plan for keeping track of income and spending over a period of time.

• BUDGET

• CHECK

• BANK

The goods produced and used to make other goods or services. It helps increase productivity.

• HUMAN RESOURCES

• NATURAL RESOURCES

• CAPITAL RESOURCES

A bank account where the account holder can withdraw money at any time.

• SAVINGS ACCOUNT

• CHECKING ACCOUNT

• DEBIT ACCOUNT

• CASH ACCOUNT

People who buy goods and services.

• CONSUMER

• PRODUCER

• NEEDS

• WANTS

A plastic card that allows consumers to purchase goods and services now, but pay for them later.

• DEBIT CARD

• CREDIT CARD

• CHECK CARD

Money owed to another person or organization.

• CASH

• LOSS

• DEBT

• BUDGET

A plastic card used for making purchases. The purchase amount is deducted (taken away from) from your checking account. It can be used at an ATM machine.

• CHECKING

• CREDIT CARD

• DEBT CARD

• DEBIT CARD

Desires that can be satisfied by consuming a good, service, or leisure activity.

• ECONOMIC NEEDS

• ECONOMIC WANTS

Someone who takes the risk to develop a new product or start a new business.

• CONSUMER

• BUYER

• CASHIER

• ENTREPRENEUR