Glossary Terms:

Trading a good or service directly for another good or service, without using money or credit.

Government-issued pieces of metal that have value and are used as money.

The money in circulation in any country.

Trading a good or service for another good or service, or for money.

Tangible objects that satisfy economic wants.

Anything that is generally accepted as final payment for goods and services; serves as a medium of exchange, a store of value and a standard of value. Characteristics of money are portability, stability in value, uniformity, durability and acceptance.

Certificates of various denominations generally recognized and accepted as a medium of exchange within a nation and elsewhere. Paper money is issued and backed by national governments or, in the case of the euro, by a group of governments.

Earnings from an investment, usually expressed as an annual percentage.

Activities performed by people, firms or government agencies to satisfy economic wants.

The exchange of goods and services for money or other goods and services.