Vocabulary Word Definitions
(forms of exchange in the U.S. Colonies)
Barter - Trading/exchanging of goods and services without the use of money.
Debt - A good or service owed to another.
Credit - Buying a good or service now and paying for it later.
Saving - Money put away to save or to spend at a later time.
Money - A medium of exchange (currency, which includes coins
and paper bills.)
Self-sufficient - Producing your own food, clothing and shelter.
Interdependent - Dependent on goods and services from others.