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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
20 terms
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Financial Literacy Vocabulary #6thgrade #financialliteracy #math #vocabulary
Flashcards
20 cards
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Questions
20
Answers
1
A card that when used takes money directly from a bank account
Debit Card
Credit Card
2
Money for college awarded based on merit. Does not need to be paid back.
Work-Study Program
Grant
College Loans
Scholarship
3
Money for college award based on need. Does not need to be paid back.
College Loans
Grant
Work-Study Program
Scholarship
4
A record of how you manage money and repay debt
Credit Report
Loan
Interest
Credit
5
The cost of borrowing money.
Monthly Fee
Debit Card Fee
Non-sufficient Funds Fee
Interest
6
Part-time job awarded to students in need to pay for school.
Scholarship
College Loans
Grant
Work-Study Program
7
A two-year college degree
Master
Bachelor
Doctorate
Associate
8
Credit Reports include every purchase you've ever made
False
True
9
Purchasing something using someone else's money and paying back over time with interest
Interest
Credit
Credit Score
Debit
10
Paying cash for items builds credit
True
False
11
A fee charged for withdrawing money from an ATM
Debit Card Fee
Monthly Fee
Per Check Fee
ATM Withdrawal Fee
12
A graduate degree that usually takes 6 years to complete
Doctorate
Associate
Master
Bachelor
13
A card that is used for short term loans and is included in credit reports
Credit Card
Debit Card
14
A post-secondary educational institution that offers degrees in multiple fields of study
Trade School
Vocational School
High School
College
15
Money for college that needs to be paid back with interest.
Grant
Work-Study Program
Scholarship
College Loans
16
Items remain on your credit report for 7 years
False
True
17
A post-secondary institution for training in a specific skill or trade.
University
College
Trade School
High School
18
A graduate degree that usually takes 8 years to complete
Master
Bachelor
Associate
Doctorate
19
A score between 300 and 850 that tells how you manage money
Loan
Credit Score
Credit
Interest
20
A four-year college degree
Associate
Master
Doctorate
Bachelor
