2nd Grade math Unit 12: Personal Financial Literacy

Balance

the amount of money that is in a bank account after a deposit or withdrawal

Borrowing

receiving money or goods now that will be returned or paid for in the future

Consumers

people who buy goods and services

Deposit

money put into an account

Lending

providing others with money or goods now that will be returned or paid back in the future

Produce

to manufacture or create goods or provide services

Producers

people who make goods or provide services

Saving

setting aside money earned or received for future use

Spending

purchasing goods and services to satisfy wants and needs

Withdrawal

money taken out of an account