chapter 7 My world

to use money to buy and sell goods

to bring products and resources into one country from another

what an item is worth to a person

when there is not enough of something to meet peoples needs and wants

a person who spends money to buy things he or she needs or wants

when people depend on each other to get the things they need and want

the money a bank lends to people

a card used in place of money that lets the cardholder buy things and pay for them later

the amount of goods or services that people can sell

the money a bank gives a person for letting it hold his or her money