Unit 6 Vocabulary

1. payment for goods and services

• Expense

• Model

• Good

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

expenses that are consistent from month to month

• Cost

• Good

• Fixed Expenses

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

expenses that vary in cost from month to month

• Expense

• Variable Expenses

• Good

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

money earned or received

• Income

• Cost

• Product

Tags

CCSS.7.EE.B.3

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

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

the amount a person pays for a product

• Cost

• Credit

• Borrow

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

an item sold that can be touched

• Good

• Gift

• Spending

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

a good or service

• Product

• Gift

• Saving

the action of doing something for someone

• Service

• Credit

• Loan

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4