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Financial Literacy Terms Flashcards | StudBud
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Financial Literacy Terms
Financial Literacy Terms
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This is a financial literacy term Quiz
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
Some financial goals can be harder to achive
False
True
2
Money coming in through wages earned, allowance, or other sources
Cash outflow
Forecast
Income
Risk
3
Money spent
#gotmypaycheck
Cash outflow
spent on presents
Cash inflow
4
A goal that will take more that five years to accomplish
Risk
Fixed Expense
Long-term goal
Income
5
A projection of future cash flows
All of the above
Forecast
Short-term goal
Income
6
A possibility of financial loss
Short-term goal
Forecast
Expense
Risk
7
A goal accomplished within the next year
Medium-term goal
Long-term goal
Risk
Short-term goal
8
You can easily spend/burn your money
True
False
9
Money received
Getting your paycheck
Cash outflow
Spending money
Cash inflow
10
An experience that remains the same from period to period
Risk
Forecast
Fixed expense
Expense
11
A goal an individual aims to meet within the next five years
Long-term goal
Middle-term goal
Risk
Short-term goal
12
Anything on which money is spent
Forcast
Expense
Fixed Expense
Risk
