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7th grade PFL Vocabulary Review Flashcards | StudBud
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7th grade PFL Vocabulary Review
7th grade PFL Vocabulary Review
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7th grade personal financial literacy vocabulary
Flashcards
8 cards
F
Practice quiz
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Host live
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Questions
8
Answers
1
interest paid on the initial principal and on interest earned in the past
compound interest
simple interest
assets
2
interest paid only on the initial principle of a savings account or loan
simple interest
assets
compound interest
3
the value of one's assets minus one's liabilities
budget
networth
liability
4
costs that do not change based on the amount that is used
Fixed expenses
variable expenses
budget
5
costs that change based on the amount that is used
fixed expenses
variable expenses
budget
6
debts that are owed by an individual
net worth
budget
liability
7
items that are owned by an individual
compound interest
assets
simple interest
8
a plan for spending
fixed expenses
variable expenses
budget
