stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Banking Flashcards | StudBud
Explore
/
Banking
Banking
11 terms
·
StudBud Administration
·
2 plays
Terms and phrases that relate to banking and budgeting PerFinance
Flashcards
11 cards
F
Practice quiz
P
Host live
L
Questions
11
Answers
1
What is a set cost that must be paid each budget period?
cash flow
variable expense
credit flow
fixed expense
2
What is a financial obligation that a person currently owes or will owe in the future?
liability
wealth
credit flow
budget
3
What are an abundance of assets that are accumulated over time known as?
liability
budget
wealth
expense
4
What is the understanding of the basic knowledge/skills needed to manage financial resources?
financial literacy
net worth
recordkeeping
income
5
What is the process of setting up and maintaining an organized system for financial affairs?
credit/expense costs
expense costs
flow sheets
recordkeeping
6
What is a summary of the of money received and the amount paid out during a specific time?
cash flow statement
net worth statement
variable expense
fixed expense
7
What is any form of money a person receives known as?
outgo
base money
savings
income
8
What is the difference between what a person owns and owes?
net liability
credit flow
variable expense
net worth
9
What is the act of giving money, goods, or services for the good of others?
niceity
philanthropy
credit
gifts
10
What is the statistical characteristics of the population known as?
demographic
family
fixed
variable
11
What is a written record of a person's current financial situation?
liability statement
cash flow statement
credit statement
net worth statement
