Microeconomics (Individual) Crossword Puzzle

QUESTIONS LIST:

• barter: system of trade through swapping items.
• cash: notes, coins and debit cards.
• central bank: the government's bank, responsible for issuing money, setting interest rates.
• checking account: instant access account, see current account.
• commercial bank: high st bank (hsbc etc.) offering a range of accounts to individuals and businesses.
• credit card: electronic payment card that allows users to make purchases with borrowed money that can be paid at a later date.
• current account: instant access account used for routine/regular transactions.
• debit card: electronic payment card linked to current/checking account that has the funds to make the transaction.
• disposable income: the one available after paying taxes that you can choose how to use.
• liquidity: the ability for and item/asset to be exchanged for cash with no loss of value.
• money: commodity that is universally accepted for as payment for all goods and services.
• salary: annual payment total that is paid monthly
• specialisation: working on specific stage/stages of production in the aim of increasing productivity & lowering costs.
• stock exchange: organisation that facilitates the buying and selling of shares in public & private limited companies.
• trade union: organisation of workers that negotiate wages, working conditions & hours.
• collective bargaining: the negotiation of employment terms between an employer and a group of workers
• wealth: collection of assets (houses, land, shares in companies, money saved in bank accounts)