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Description
Flashcards by Shannon Anderson-Rush, updated more than 1 year ago
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Created by Shannon Anderson-Rush
about 5 years ago
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| Question | Answer |
| savings | money you put aside for future use rather than spending it immediately |
| inflation | a general increase in prices and fall in the purchasing value of money |
| net worth | represents the properties owned, less any debt the person has |
| opportunity cost | the loss of potential gain from other alternatives when one alternative is chosen |
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