Great glossary of money

Read these explanations and get to grips with money words

• Bartering
  An early system of exchange (buying and selling) where goods and services were swapped; the goods and services were used as currency (money).
• Counterfeit
  A fake
• Currency
  Something we use to buy and sell (exchange) goods and services. Money is a type of currency.
• Demand
  The amount of something that people want or need to buy.
• Goods
  Things we buy and sell that can be made or grown such as clothes, food and cars.
• Inflation
  A rise in lots of prices at the same time – an overall rise in prices.
• Interest
  The amount of money (shown as a percentage) that can be earned or charged for saving or borrowing an amount of money.
• Price
  The amount of money for which something can be bought or sold.
• Purchases
  Things we buy.
• Services
  People doing things for other people such as a mechanic mending a car, a hairdresser cutting hair or a bus driver taking people to work.
• Supply
  The amount of things that are produced or can be bought.