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Duplicate of Financial Literacy - Everfi Vault - Goins Flashcards | StudBud
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Duplicate of Financial Literacy - Everfi Vault - Goins
Duplicate of Financial Literacy - Everfi Vault - Goins
17 terms
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Financial Terminology
Flashcards
17 cards
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1
A place where people put their money for safekeeping, and for ease of use.
Certificate of Deposit
Stocks
Bank
Credit Union
2
A spending plan people make in order to make sure there is enough income to cover all expenses.
budget
pay check
assets
charity
3
The act of using money to earn more money.
Investments
Insurance
Credit
Income
4
Payment for work, represented as a yearly sum.
Savings
Salary
Asset
Debt
5
Money set aside for short- or long-term goals.
Expenses
Wages
Assets
Savings
6
A fee added to the sticker price of an item that is paid to the state or city.
Loan
Asset
Sales tax
Salary
7
Something that you promise to give someone if you cannot pay back a loan.
Collateral
Interest
Lease
Savings
8
A loan that a person uses to pay for things, but is expected to pay back.
Career
Credit
Charity
Debt
9
A person who starts his or her own business.
Expense
Brokerage Firm
Entrepreneur
Mortgage
10
An amount of money that you owe to a person, bank, company, etc.
Need
Job
Credit
Debt
11
The cost of the things that people spend money on.
Assets
Expense
Income
Lease
12
Annual tax placed on the money employees make at jobs and collected by the federal government.
Sales tax
Income tax
Interest
Income
13
Something you would like to have but will be okay without.
Want
Lease
Sales Tax
Need
14
Something you obtain by going to school and working jobs related to the work you want to do.
career
charity
entrepreneur
15
To take money out of an account.
Loan
Borrow
Deposit
Withdraw
16
What a person owns of value, such as jewelry, savings, art, a home, and a car.
Wage
Asset
Debt
Lease
17
Buying stuff without thinking about whether or not you need it.
Inflation
Impulse buying
Insurance
Income tax