Things owned by a person or company

Money that someone borrowed that will be payed back later

money you earn at work before taxes are taken out

How much money you get after investing it in something.

fees placed on income, purchases, or property

a person or company to whom money is owed.

a plan for how you will spend your money each month

an official written record of money transactions

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Financial Literacy Review

10 termsStudBud Administration50 plays

#Financial Literacy #grade8

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Questions 10

Answers

1
What is an asset?
An Xbox One X
Money you owe to somebody
a plan for how you will spend your money each month
Things owned by a person or company
2
What is a 401K
a person or company to whom money is owed.
401,000 dollars
A retirement plan
Your annual pay check
3
What is a loan
Tax placed on items that are not necessary for everyday life
Money that someone borrowed that will be payed back later
How much money you make after each year
the money spent on something
4
What is Gross Pay
money you earn at work before taxes are taken out
when you borrow money to buy something
Money you earn at home
Money that looks gross
5
What is interest?
How much money you get after investing it in something.
Wanting to know about something
signing a document to get money you will later pay back.
an official written record of money transactions
6
Taxes
fees placed on income, purchases, or property
money you earn at work after taxes are taken out
services provided by companies that help you live in comfort
The amount of money earned after a year of work
7
What are Creditors?
People that run the banks and give people loans
a person or company to whom money is owed.
People that can make a financial decision on their own
How much money you have to pay back after borrowing it
8
What is a budget?
a plan for how you will spend your money each month
things that are owned by a person or company
Money you earn at work before taxes are taken out
borrowing money for something
9
What is a Registry?
How much an item costs
The register that holds money in a store
Signing a document to borrow money from somebody
an official written record of money transactions
10
What is debt?
money you owe to someone
Someone giving you money for doing a job
How much money you take home in profits
lending someone money that will later be payed back to you

Financial Literacy Review Flashcards | StudBud