Personal Financial Literacy

Question 1

A printable summary of an individual's financial history

Accepted Answer

credit report

Question 2

Card that allows a buyer to make purchases while immediately removing $$$ from a linked account

Accepted Answer

debit card

Question 3

To add money to an account is to

Accepted Answer

deposit

Question 4

Someone who loans money to a borrower is also known as a...

Accepted Answer

Lender

Question 5

The movement or exchange of money is a

Accepted Answer

transaction

Question 6

Awards from non-profit organizations are...

Accepted Answer

grants

Question 7

A charge for the use of borrowed money if the balance is not paid off in a set amount of time

Accepted Answer

interest

Question 8

Money that is set aside for the future

Accepted Answer

savings

Question 9

Someone who borrows money from a lender is also known as a...

Accepted Answer

borrower

Question 10

Borrowed amounts of money to pay for education

Accepted Answer

student loans

Question 11

An award for good performance is a

Accepted Answer

scholarship

Question 12

What is a program providing financial aid in return for student labor?

Accepted Answer

Work Study

Question 13

To take out money from an account is to...

Accepted Answer

withdrawal

Question 14

A type of bank account in which users deposit money and from which they can withdraw money

Accepted Answer

checking account

Question 15

A card that allows a buyer to put off paying for a purchase until a time in the future

Accepted Answer

credit card

Question 16

A record of your financial performance shown on a credit report

Accepted Answer

credit history

Question 17

What is a written record of all transactions in a bank account?

Accepted Answer

Check Register

Question 18

To keep an account of all transactions and the final balance in the account is to

Accepted Answer

balance a check register

Questions 18