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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
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1
Expenses that occur regularly and the amount does not changes are
fixed expenses
lending
income
variable expenses
2
Money that a financial institution allows a person to use and pay back with interest is
credit
borrowing
withdrawl
deposit
3
To put money into a bank account is to
allowance
deposit
interest
income
4
Expenses in which the amount does change based on need or choice are
profit
income
fixed expenses
variable expenses
5
Money that is earned from work is
lending
income
allowance
profit
6
Banks and credit card companies are businesses the keep money safe, lend and borrow money are
financial institutions
safes
stores
the mint
7
The amount of money given, regularly and for a specific purpose is
credit
income
borrowing
allowance
8
Amount of money left after all the expenses are subtracted from selling an item or service is
interest
income
deposit
profit
9
An organized plan for spending and saving money is
lending
budget
allowance
interest
10
Taking and using money that belongs to someone else, with the agreement to pay it back is
withdrawl
borrowing
financial institution
budget
11
Additional money paid by a borrower to a lender in exchange for use of the lender's money is
interest
deposit
credit
lending
12
To take money out of a bank account is
borrowing
lending
withdrawl
deposit
13
The best math teacher ever is
Mrs. Castine
Mrs. Jones
Mrs. Williams (Sessions)
14
Allowing someone to borrow money with the agreement that it will be paid back with interest is
lending
profit
allowance
withdrawl