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Fin Lit Flashcards | StudBud

Explore/Fin Lit

Credit

Cost

Fin Lit

9 terms·StudBud Administration·27 plays

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Questions 9

Answers

1
Cost
an amount that has to be paid or spent to buy or obtain something
the ability to understand how money works in the world
money that is earned for work; either by hours worked or job completed
work performed by people for income
2
Credit
an amount that has to be paid or spent to buy or obtain something
borrowing money and paying interest to buy needed or wanted items
a plan for saving and spending money
the ability to understand how money works in the world
3
Income
money that is earned for work; either by hours worked or job completed
work performed by people for income
the ability to understand how money works in the world
an amount that has to be paid or spent to buy or obtain something
4
Budjet
the ability to understand how money works in the world
a plan for saving and spending money
money that is earned for work; either by hours worked or job completed
an amount that has to be paid or spent to buy or obtain something
5
Labor
work performed by people for income
an amount that has to be paid or spent to buy or obtain something
the ability to understand how money works in the world
money that is earned for work; either by hours worked or job completed
6
I can use Credit when i do not have any money
False
True
7
If I didn't have an money but needed to buy something right then, I could use debit and pay it back later
True
False
8
Financial Literacy
the ability to understand how money works in the world
work performed by people for income
money that is earned for work; either by hours worked or job completed
an amount that has to be paid or spent to buy or obtain something
9
I earn Income so I have to have a job
True
False