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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
20 terms
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Financial Literacy Vocabulary #6thgrade #financialliteracy #math #vocabulary
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Items remain on your credit report for 7 years
False
True
2
Money for college award based on need. Does not need to be paid back.
Work-Study Program
Grant
Scholarship
College Loans
3
Paying cash for items builds credit
True
False
4
Part-time job awarded to students in need to pay for school.
Grant
College Loans
Scholarship
Work-Study Program
5
A fee charged for withdrawing money from an ATM
Per Check Fee
Monthly Fee
ATM Withdrawal Fee
Debit Card Fee
6
A graduate degree that usually takes 8 years to complete
Associate
Bachelor
Master
Doctorate
7
A four-year college degree
Associate
Doctorate
Master
Bachelor
8
The cost of borrowing money.
Interest
Monthly Fee
Debit Card Fee
Non-sufficient Funds Fee
9
A graduate degree that usually takes 6 years to complete
Bachelor
Associate
Doctorate
Master
10
Purchasing something using someone else's money and paying back over time with interest
Debit
Credit
Interest
Credit Score
11
A post-secondary educational institution that offers degrees in multiple fields of study
Trade School
College
High School
Vocational School
12
A card that is used for short term loans and is included in credit reports
Credit Card
Debit Card
13
A record of how you manage money and repay debt
Credit
Loan
Credit Report
Interest
14
Money for college awarded based on merit. Does not need to be paid back.
Work-Study Program
Scholarship
Grant
College Loans
15
A card that when used takes money directly from a bank account
Credit Card
Debit Card
16
A post-secondary institution for training in a specific skill or trade.
University
Trade School
High School
College
17
Credit Reports include every purchase you've ever made
False
True
18
A score between 300 and 850 that tells how you manage money
Interest
Credit Score
Loan
Credit
19
A two-year college degree
Bachelor
Associate
Master
Doctorate
20
Money for college that needs to be paid back with interest.
Work-Study Program
College Loans
Grant
Scholarship
