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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
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7th grade math lesson 4.1 intro
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
The original amount of money originally invested.
Stock
Interest
Principal
Mrs. Garner
2
Compound Interest
% of the principal and interest + the principal
I = prt
a fixed percentage of the principal
an event consisting of one outcome.
3
Allows a person to borrow a certain amount of money and pay the borrowed money back later.
Credit
Debit
Sale
Interest
4
Which of the following is an example of a variable expense?
Mortgage
Car payment
College Loan
Gas
5
Which of the following is an example of a fixed expense?
Credit Card Bill
Car payment
Electircy Bill
Gas
6
A financial obligations, or debts, that you must repay.
Own
Debit
Asset
Liability
7
A percentage of the selling price of a good or service which is added to the price.
Sale Tax
Rebate
Sale
Income Tax
8
The value of all accounts, investments, and things that you own.
Asset
Credit
Liability
Owe
9
Simple Interest
% of the principal and interest + the principal
I = prt
paid over a specific period of time
a fixed percentage of the principal
10
A calculation of the value of everything that you own minus the amount of money that you owe.
Net Worth
Budget
Asset
Interest
