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Money Terms and What They Mean

  • Commodity – any good used in trading, such as agricultural products, silver, gold and oil
  • Currency – any form of money used in trade
  • Legal Tender – the type of money accepted by government as payment
  • Die – tool used to stamp design on a coin
  • Minting – stamping metal to be used as coin money
  • Obverse – front of a coin (heads side)
  • Reverse – back of a coin (tails side)
  • Stocks – share of a business
  • Invest – spend money on stocks, bonds or other investments in order to earn a return (make money)
  • Principal – the amount of money borrowed or the amount that is unpaid on a loan

 

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