The industry involved with conducting financial transactions. Also, conducting business with a bank, e.g., maintaining a checking or savings account or obtaining a loan.

A spending-and-savings plan, based on estimated income and expenses for an individual or an organization, covering a specific time period.

Decision made or course of action taken when faced with a set of alternatives.

Reaching a conclusion after considering alternatives and their results.

Payments earned by households for selling or renting their productive resources. May include salaries, wages, interest and dividends.

The price paid for using someone else's money, expressed as a percentage of the amount borrowed.

The second-best alternative (or the value of that alternative) that must be given up when scarce resources are used for one purpose instead of another.

Money set aside for a future use that is held in easily-accessed accounts, such as savings accounts and certificates of deposit (CDs).

The giving up of one benefit or advantage in order to gain another regarded as more favorable.