Financial Literacy Review and Vocabulary

Which of the following is an example of variable expenses?

A plan for how much income will be received and how it will be spent is called a _____________.

Money you put in a savings account is called_________________.

Which of the following is an example of an asset?

A ______________ is when you take money out of your bank account.

Which of the following is an example of an asset?

Money people pay to support the government

What is 4.5% as a rate?

What are liabilities?

In your net worth statement, what are the things you own called?

What is the formula to calculate compound interest?

The total amount of money that you earn.

When the total amount of money spent, saved and shared equals total income.

Money that is put into your bank account

Net worth is the difference between __________ and _________.

Expenses that you have some control over are called ________________.

The _______________ is the amount of money in your bank account.

Which of the following is an example of income?

The amount of money you receive after deductions are subtracted from your gross income.

What is the formula for simple interest?