Econ Unit 4 Vocab

Currency or assets used as a medium of exchange, generally in the form of coins and banknotes.

The business conducted or services offered by banks, including accepting deposits, lending money, and providing investment services.

The management of money and other assets, including investing, borrowing, budgeting, saving, and forecasting financial

The cost of borrowing money or the compensation received for lending money, typically expressed as a percentage of the principal amount.

The ability to borrow money or access goods or services with the understanding that payment will be made at a later date.

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Items of economic value owned by an individual or organization, which can be converted into cash.

Debts or obligations that an individual or entity owes to others, typically in the form of money owed..

 A financial plan that outlines expected income and expenses over a specific period, often used to control spending and achieve financial goals.

refers to the potential of losing money or value in an investment or business venture due to various factors such as market fluctuations or unexpected events.