Digital form of payment

Payment through checks

Legally endorsed coins and paper currency

Direct deduction from bank account

Plastic card for payment

Dated and signed payment instruction

Electronic transfer of funds

Direct payment from bank account

Plastic card for direct deductions

Payment through check

Electronic transfer of funds

Electronic method of payment on credit

Direct deduction from bank account

Legally endorsed coins and paper currency

Plastic card for credit purchases

Electronic method of payment with grace period

Goods and services are exchanged for credit cards

Goods and services are exchanged for gold or silver

Goods and services are exchanged for money

Goods and services are exchanged for other goods and services directly

A type of money that is not commonly accepted

A method of bartering goods without any exchange

An instrument representing a standard value used for buying and selling

An item with no agreed-upon value used for exchange

To create confusion in transactions

To ensure smooth exchanges of goods and services

To make money worthless

To eliminate the need for money

Money can only be saved but not spent

Money has no value in transactions

Money helps determine the relative value of products and services

Money can only be used for one specific product

Unit of Measure

Store of Value

Incentive

Medium of Exchange

Precious metal

Government-issued paper and coins

Cryptocurrency

Company stocks

A monetary standard based on silver

A standard where currency equals a certain quantity of gold

A currency system tied to the price of oil

A system where currency has no intrinsic value

Currency backed by a physical commodity like gold

Digital form of money

Government-issued paper and coins with little intrinsic value

Currency system tied to the price of goods

Easy to produce, has intrinsic value

Backed by a physical commodity, difficult to control supply

Backed by the government, no intrinsic value

Limited supply, difficult to destroy

Valueless

Tangible

Store of value

Limited supply

A tool used only for planning investments

A plan to use income for expenses, debt payments, savings, and investments

A projection of expenses with no need for income planning

A monthly report of past financial activities

Expenses that vary month to month

Expenses that are discretionary

Expenses that stay constant over time

Expenses that are always unexpected

Expenses that vary month to month

Expenses that are constant over time

Expenses that are always needed

Expenses that are always anticipated

To have extra money for luxury items

To cover unexpected variable expenses

To invest in high-risk stocks

To pay off fixed expenses

Interest earned only on the principal amount

Interest earned on the principal and accrued interest

Interest earned monthly on variable expenses

Interest earned annually on fixed expenses