This term describes the tool we use in financial transactions that allows us to value the exchange.$$This term defines the necessities, comforts, and luxuries enjoyed or desired by an individual or family.$$This percentage is calculated by dividing an individual$$s average spending on current needs and wants by his or her current income. It reflects the portion of the income that is spent, rather than saved.$$This compensation is received in return for an employee$$s work effort and may include health, disability, and life insurance; retirement, pension, and profit$-$sharing plans; child and elder care; and$/$or educational assistance programs.$$This term is used to characterize the value of a currency by describing the amount of goods and services that can be purchased by a dollar at a given time. Inflation tends to decrease this value.$$