Vocabulary U6 W4

What does the term "currency" refer to?

• A type of business

• The money that is used in a specific country

• A global economic system

• A marketplace

What is "economics" the study of?

• Organizing and running businesses

• Buying and selling of goods

• How money, goods, and services are produced, distributed, and used among people

• Worldwide cultures

Who is an entrepreneur?

• Someone who studies economics

• A person who buys and sells merchandise

• One who organizes and runs a business

• A person who invests in the stock market

What does "global" mean?

• Local to a specific area

• Relating to the world; worldwide

• Pertaining to a single country

• Related to money only

What does it mean to "invest"?

• To organize a business

• To study different economies

• To put money towards something that will make more money

• To participate in a transaction

What is a "marketplace"?

• A place where only investments are discussed

• A school where economics is taught

• A place where food and other goods are bought and sold

• A type of currency

What does "merchandise" refer to?

• Services offered in a marketplace

• Things that are bought and sold; goods

• Money used in foreign countries

• The study of markets

What is a "transaction"?

• A type of investment

• A business deal that includes buying and selling of something

• The process of studying economics

• Organizing a new business

What is a synonym for worldwide?

• global

• currency

• invest

• transaction

What is a synonym for money?

• marketplace

• transaction

• currency

• economics