What is Money?
About this set
Created by:
shariy1 on February 1, 2010
Subjects:
Business: Money in the 21st Century
Description:
Unit 4 Input 1
Intermediate Mainstream
Beyond the Boundaries Level 2
Classes:
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16 terms
Terms | Definitions |
|---|---|
 account (n) | an arrangement with a bank to keep your money there and to allow you to take it out when you need to |
| advance (v) | the forward movement of something, or an improvement or development in something |
| coin (n) | a small round piece of metal, usually silver or copper coloured, which is used as money |
| commodity (n) | a substance or product that can be traded, bought or sold |
| convenient (adj) | suitable for your purposes and needs and causing the least difficulty |
| currency (n) | the money that is used in a particular country at a particular time |
| deflation (n) | a decrease in the average price of all goods and services |
| devaluation (n) | lowering the value of a nation's currency relative to other countries |
| generosity (n) | the act of giving to others, willingness to contribute |
| impose (v) | to officially force a rule, tax, punishment, etc. to be obeyed or received |
| inflation (n) | a general, continuous increase in prices |
| phenomenon (n) | something that exists and can be seen, felt, tasted, etc., especially something which is unusual or interesting |
| proportion (n) | the number or amount of a group or part of something when compared to the whole |
| receipt (n) | the act or state of receiving money or goods |
| simplified (adj) | less complicated and therefore easier to do or understand |
| tax (n) | (an amount of) money paid to the government, which is based on your income or of the cost of goods or services you have bought |
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