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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
13 terms
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StudBud Administration
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#money
Flashcards
13 cards
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Questions
13
Answers
1
to take money from an account
deposit
profit
expense
withdraw
2
an expense that occurs regularly at the same amount
variable expense
income
budget
fixed expense
3
an amount that is paid for a good or service
income
expense
withdraw
deposit
4
an amount earned from selling a good or service
expense
interest
profit
income
5
an account with a bank for the purpose of spending, comes with a bank card/checks, insured
money market account
checking account
certificate of deposit
savings account
6
a fee charged for the use on money borrowed
deposit
budget
income
interest
7
an expense that changes based on need or choice
income
variable expense
fixed expense
budget
8
an account with a bank for the purpose of saving and earning interest
piggy bank
savings account
certificate of deposit
safe
9
the amount of money left after all expenses are subtracted from money earned
profit
budget
withdraw
deposit
10
an account with a bank with time restrictions and minimum deposit, insured
piggy bank
savings account
certificate of deposit
checking account
11
an organized plan for spending money
budget
profit
withdraw
interest
12
to put money into an account
expense
deposit
withdraw
income
13
A business whose role is to keep money safe, lend money, and borrow money
deposit
business
financial institution
expense