stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Personal Finance_JUNIOR Flashcards | StudBud
Explore
/
Personal Finance_JUNIOR
Personal Finance_JUNIOR
13 terms
·
StudBud Administration
·
46 plays
Financial literacy
Flashcards
13 cards
F
Practice quiz
P
Host live
L
Questions
13
Answers
1
Income is
the amount of money you save
the amount of money you earn
the amount of money you lend
the amount of money you spend
2
Money that is owed by one party to another is called
debt
income
expenses
balance
3
Money borrowed from someone else that is expected to be paid back
balance
loan
expenses
salary
4
The money in your account now is called your
debit
budget
balance
taxes
5
A plan for how income will be spent
debit
credit
budget
deposit
6
A percentage of a loan balance, paid to the lender
deposit
interest
budget
income
7
A withdrawal is taking money out of your bank account. When you put money in, you make a
deposit
credit
debit
budget
8
Giving a person or organization money under an agreement to pay it back later
income
balance
interest
lending
9
Companies or sellers trying to win more customers/clients give consumers more choice and better prices
sales
competition
demand
customer service
10
What you expend money on is called
interest
income
loan
expense
11
The money you pay the government when you purchase some items.
Income taxes
Property taxes
Sales taxes
Payroll taxes
12
Money that you spend in your business, such as a company car or buying equipment is called...
business income
business expenses
business loss
business debt
13
Someone who sells a product is a
customer
vendor
client
buyer