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PRETEST: Financial Literacy Vocabulary Flashcards | StudBud
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PRETEST: Financial Literacy Vocabulary
PRETEST: Financial Literacy Vocabulary
15 terms
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StudBud Administration
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Money Vocabulary
Flashcards
15 cards
F
Practice quiz
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Questions
15
Answers
1
Something you have a desire to have.
a dream
Money
Want
Need
2
What should a balance NEVER be?
Over $2000
Negative
Positive
Zero
3
Payment for work is called:
A minimum wage
Cash
Taxes
Salary
4
A plan for maintaining cash flow; a record of income and expenses.
Cash Flow Plan
Budget
Check Register
A Bucket List
5
Money earned by working or investing:
Checking Account
Asset
Income
my school lunch account
6
A bank deposit against which checks can be drawn by the depositor.
my mom's or dad's savings account
Savings Account
Checking Account
Loan
7
An account that allows deposits and withdrawals and usually pays interest.
A college fund
Stocks
Savings Account
Checking Account
8
An amount of money owed.
Money
Expense
Cash flow problem
Debt
9
Something that is essential to life or the success of your life.
College
Want
Need
Money
10
A valuable possession such as property, business equipment, real estate or stocks.
Asset
Income
Checking Account
my iPhone
11
This is an example of a "Want".
Gas for Your Car
Bread
oxygen
Nail Polish
12
A card that accesses open-ended credit; that charges interest.
Debit Card
Frequent Flyer Card
Credit Card
a Six Flags Season Pass
13
An agreement by which a student borrows money from a bank to pay back after graduation.
Merit Based Aid
FAFSA
Student Promise to Pay
Student Loan
14
A loan to buy real estate.
Debtor's Insurance
Mortgage
Loan
Rent
15
This is an example of a "Need":
Brand New Truck
Cellphone
One-wheel pint
Hollister Sweatshirt
