JUNIOR FINANCIAL LITERACY (BANZAI)

Question 1

Money paid to you for keeping it in a savings account....

Accepted Answer

INTEREST

Question 2

Money the government charges you for buying things is called _______ tax.

Accepted Answer

SALES

Question 3

When you take money out of a savings account.....

Accepted Answer

WITHDRAWAL

Question 4

Money you owe to someone else.....

Accepted Answer

DEBT

Question 5

Money you spend for your company is called a ____________ expense

Accepted Answer

BUSINESS

Question 6

Money you earn from work.....

Accepted Answer

INCOME

Question 7

Money you borrowed from someone else...

Accepted Answer

LOAN

Question 8

When companies work hard to earn your money...

Accepted Answer

COMPETITION

Question 9

A plan that helps you buy what you need, when you need it....

Accepted Answer

BUDGET

Question 10

Someone who sells things...

Accepted Answer

VENDOR

Question 11

When you put money into a savings account...

Accepted Answer

DEPOSIT

Question 12

A _____________ account is a safe place to store your money.

Accepted Answer

SAVINGS

Question 13

Money you spend on things...

Accepted Answer

EXPENSES

Questions 13