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Financial Literacy Vocabulary Review Flashcards | StudBud
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Financial Literacy Vocabulary Review
Financial Literacy Vocabulary Review
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Flashcards
16 cards
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Questions
16
Answers
1
Costs that
do change
based on the amount you use
fixed expenses
personal budget
variable expenses
family budget
2
Payments
for labor or services
income tax
wages
income
sales tax
3
Family plan
for spending
family budget
variable expenses
fixed expenses
personal budget
4
A
voucher
entitling its user to a cash refund
rebate
coupon
monetary incentive
sale
5
Financial gain
from capital or labor
income tax
wages
income
sales tax
6
Interest
paid on a fixed amount of money or principal
net worth
simple interest
assets
liabilities
7
A
percentage
of the cost of a good or service
wages
income tax
sales tax
income
8
The things you
owe
simple interest
net worth
assets
liabilities
9
Costs that
do not change
based on the amount you use
personal budget
fixed expenses
variable expenses
family budget
10
A
partial return
or
refund
on an amount paid
coupon
rebate
sale
monetary incentive
11
Tax
on the net income of an individual or a business
sales tax
wages
income tax
income
12
An item offered at a
discounted
price
monetary incentive
sale
coupon
rebate
13
The value of the things you
own minus
the debts you
owe
is called
simple interest
liabilities
assets
net worth
14
The things you
own
assets
net worth
simple interest
liabilities
15
Financial
reason
to buy
rebate
coupon
sale
monetary incentive
16
Plan
for your
own
spending
fixed expenses
variable expenses
personal budget
family budget
