Untitled Deck

Question 1

Economy

Answer 1

how a country makes and manages goods, service, and money

Question 2

Financial institutions

Answer 2

businesses that provide money-related services; examples include credit, unions, banks, and saving and loans

Question 3

Bank

Answer 3

a business that charges customers for money related services

Question 4

Credit union

Answer 4

a financial institution owned by its member that provides many of the same services as a bank

Question 5

loan

Answer 5

Money that you borrow that must be repaid. Usually with interest

Question 6

civics

Answer 6

the study of government, public processes, and the rights and duties of citizenship

Question 7

Transaction

Answer 7

A business agreement or exchange

Question 8

Paycheck

Answer 8

a check received for work completed

Question 9

Endorse

Answer 9

to write a signature on the back of a check

Question 10

Income

Answer 10

the money people earn for their work based on the value they bring to the business

Question 11

Direct deposit

Answer 11

an electric transfer of money from one account; often used by employers to pay employees

Question 12

Money tracker

Answer 12

a tool for recording money that is put into or removed from an account

Question 13

Deposit ticket

Answer 13

a written record money put into a bank account

Question 14

Right

Answer 14

the freedom to act in a certain way

Question 15

responsibilaty

Question 16

Scarcity

Answer 16

A condition with people cannot have everything they want because of limited recourses

Question 17

Credit card

Answer 17

Your money that you have on your account

Question 18

Debit card

Answer 18

Money in your account and you take money out

Question 19

Ebt

Answer 19

Food stamps

Question 20

Eletronic payments

Answer 20

purchases from your phone or computer

Question 21

Gift card

Answer 21

A card that is purchased for a certain amount and then used for

Question 22

Prepaid card

Answer 22

A card that allows you to spend only the amount you have pre-deposited into a account

Question 23

PIN

Answer 23

A number required to buy stuff

Question 24

Character

Answer 24

a part of a person’s being that makes one an individual

Question 25

Citizens

Answer 25

members of a town, city, or country

Question 26

Citizenship

Answer 26

expected traits of a responsible member of a community

Question 27

civics virtues

Answer 27

personal habits and attitudes that promotes the well being of a group

Question 28

Community

Answer 28

A place where people live, work, trade, and share

Question 29

philanthropy

Answer 29

the effort to increase the well being of people through

Question 30

Contract

Answer 30

an agreement to behave according to stated guidelines

Question 31

ethics

Answer 31

the standards that help determine what’s good, right, and proper

Question 32

Goods

Answer 32

Thing people buy and use

Question 33

services

Answer 33

work done for others, such as haircut or car repairs

Question 34

Resources

Answer 34

the people and things needed to produce goods and services

Question 35

Labor

Answer 35

work produces by human resource

Question 36

comsumers

Answer 36

people who buy and use goods and services

Question 37

entrepreneur

Answer 37

a person who used resources to start a business

Question 38

Free enterprise

Answer 38

a system in which economic decisions are made

Question 39

producer

Answer 39

a person who creates or supplies goods or service's

Question 40

Prototype

Answer 40

a model or sample of a product to be produced

Question 41

profit

Answer 41

the amount of money left after all business expensive have been paid

Question 42

scarcity

Answer 42

A condition which people cannot have anything they want because of limited resource's

Question 43

Representative democracy

Answer 43

a person who represents you

Question 44

Philanthropy

Answer 44

Being nice and kind to people

Question 45

Philanthropist

Answer 45

A person who loves people and is kind

Question 46

Taxes

Answer 46

payment that citizens and business are required to make to a government to pay for public goods and services

Question 47

gross pay

Answer 47

the amount of money an employee earns before any taxes or other deductions are subtracted

Question 48

net pay

Answer 48

Money you get after paying taxes

Question 49

Interested

Answer 49

thing people likes to do

Question 50

skill

Answer 50

abilities a person has developed and does well

Question 51

application

Answer 51

a person who requests or seeks something such as a job

Question 52

job interview

Answer 52

a discussion (Usually face to face) to determine whether an application is suitable for a job

Question 53

resume

Answer 53

a written summary of a person work and school experience designed to spark an employee interest a resume also helps an employee

Question 54

Career

Answer 54

matches you interest and gives you a chance to advance

Question 55

Dictatorship

Answer 55

one leader small group through force

Question 56

monarchy

Answer 56

single leader right to rule is passed down

Question 57

represenive democracy

Answer 57

Form of government in which ultimat you make people vote for you

Question 58

informed voting

Answer 58

pratice of research

Question 59

Operating cost

Answer 59

Total of cost to all of the expenses

Question 60

Revenue

Answer 60

The amount of money earned from sales

Question 61

Quality business

Answer 61

Tries to meet it’s customers and community needs through continuous improvement

Question 62

Salary

Answer 62

The money the employees his or hers earn

Question 63

Promissory notes

Answer 63

Promising to be payed