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Money Island Vocab Flashcards | StudBud
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Money Island Vocab
Money Island Vocab
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Financial Literacy
Flashcards
15 cards
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Questions
15
Answers
1
Money that is made after a business pays all of its expenses.
Taxes
Credit
Earned Income
Profit
2
Money that you get by sharing your talents, like working at a job.
Salary
Earned Income
Profit
Budget
3
Money that banks pay people for letting the bank hold their money.
Profit
Income
Credit
Interest
4
Choice to put money aside for emergencies.
Invest
Profit
Save
Credit
5
A valuable item that is owned.
Profit
Assets
Budget
Invest
6
A set amount of money you are paid each month for your job.
Taxes
Salary
Credit
Stocks
7
Giving money to a person or cause (charity) that is helpful.
Save
Sharing
Interests
Salary
8
Ownership of part of a company.
Needs
Taxes
Stocks
Wants
9
Things you want like toys, book, CD's, etc.
Wants
Interests
Investing
Needs
10
Money paid for government services such as roads, school, libraries.
Assets
Income
Stocks
Taxes
11
Buy assets such as stocks, real estate or a business to make a profit.
Invest
Stocks
Budget
Assets
12
Allows a person to pay for goods and services without cash, but repayment is required later.
Assets
Taxes
Credit Card
Invest
13
Items that are required to live such as food, shelter.
Wants
Assets
Needs
Interests
14
The amount that a person must pay on a credit card to avoid penalty charges.
Minimum Payment
Profit
Credit
Invest
15
A plan for saving, spending, investing, and sharing.
Budget
Salary
Needs
Assets