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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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16 plays
Money Vocabulary
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Money earned by working or investing
Asset
Checking Account
Income
2
A bank deposit against which checks can be drawn by the depositor
Savings Account
Loan
Checking Account
3
This is an example of a Need:
Cellphone
Designer Shoes
Brand New Truck
4
Something that is essential to life or the successs of your life
Money
Want
Need
5
A card that accesses open-ended credit; that charges interest
Frequent Flyer Card
Credit Card
Debit Card
6
A plan for maintaining cash flow; a record of income and expenses
Check Register
Budget
Cash Flow Plan
7
A valuable possession such as property, business equipment, real estate or stocks
Checking Account
Income
Assest
8
an account that allows deposits and withdrawals and usually pays interest
Savings Account
Stocks
Checking Account
9
an agreement by which a student borrows money from a back to pay back after graduation
Merit Based Aid
Student Loan
FAFSA
10
Payment for work
Cash
Taxes
Salary
11
An amount of money owed
Debt
Expense
Money
12
Something you have a desire to have
Money
Want
Need
13
What should a balance NEVER be?
Negative
Positive
Zero
14
This is an Example of a Want
Nail Polish
Gas for Your Car
Bread
15
A loan to buy real estate
Mortgage
Loan
Rent
