Unit 6 Vocabulary

1. payment for goods and services

• Expense

• Model

• Good

expenses that are consistent from month to month

• Cost

• Good

• Fixed Expenses

expenses that vary in cost from month to month

• Expense

• Variable Expenses

• Good

money earned or received

• Income

• Cost

• Product

money that is made in a business after all the costs and expenses are paid

• Profit

• Cost

• Withdrawal

an establishment that focuses on dealing with financial transactions such as investments, loans, and deposits

• Financial Institutions

• Cost

• Gift

the amount a person pays for a product

• Cost

• Credit

• Borrow

an item sold that can be touched

• Good

• Gift

• Spending

a good or service

• Product

• Gift

• Saving

the action of doing something for someone

• Service

• Credit

• Loan