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Business Vocabulary Review 1

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Business Vocabulary Review 1

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Business Vocabulary Review 1
 

Business Vocabulary Review 1Online version

Business Vocabulary Review 1

by Byan Teach| Đạt
1

Renting an apartment or paying for utilities are examples of expenses.

2

To allocate money means to divide and share it for different uses, like savings or food.

3

: A mortgage is a special type of loan used specifically to buy a home or property.

4

Opportunity cost is the thing you get to keep when you make a choice.

5

When interest is compounded, you earn interest on both your original money and the interest earned before.

6

Discretionary spending refers to money spent on essential survival needs like basic groceries.

7

An allowance is money you must pay back to your parents at the end of every week.

8

Buying brand-new designer shoes when you already have basic sneakers is a need.

9

Inflation means that prices go up over time, which makes things more expensive.

10

If you take on a financial obligation, you can choose to ignore it whenever you want.

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