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Financial Literacy Vocab Flashcards | StudBud
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Financial Literacy Vocab
Financial Literacy Vocab
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This is the vocab for Flocabulary Lessons; Paying for College and Student Loans.
Flashcards
19 cards
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Questions
19
Answers
1
Default means
a failure to act, especially when paying back money that is legally owed.
False
True
2
Which word means
a unit that measures progress in school
?
Prompt
Deadline
Statement
Credit
3
Which word means
something that is owed or must be paid back, especially money?
Debt
Loan
Financial Aid
Grant
4
Which word means
a report of a personal account with a bank that shows the amount in the account or the amount owed?
Credit
Statement
Payment
Financial Aid
5
Which word means
a title given to a student after finishing a program of study at a college or university?
Principal
Degree
Grant
Credit
6
Which word means
the lowest or smallest possible amount?
Grant
Minimum
Financial Aid
Prompt
7
Interest means
money that is paid for borrowing someone else's money.
False
True
8
Deadline means
an amount of money that is put in a bank on which interest is paid.
False
True
9
Which word means
money that is given or lent to college students to help their pay bills?
Debt
Grant
Financial Aid
Loan
10
Grant means
a report of a personal account with a bank that shows the amount in the account or the amount owed.
False
True
11
Which word means
an amount of money that is put in a bank on which interest is paid?
Interest
Principal
Scholarship
Budget
12
Which word means
money or something that is borrowed and must be given back after a period of time?
Loan
Minimum
Statement
Payment
13
Which word means
an amount of money given to a person or organization in order to pay for something?
Prompt
Grant
Statement
Payment
14
Which word means
an amount of money that is given to someone to be used for a specific purpose?
Interest
Tuition
Grant
Default
15
Which word means
done or performed quickly; at once?
Budget
Minimum
Prompt
Debt
16
Which word means
the time by which something must be completed or turned in?
Prompt
Default
Payment
Deadline
17
Which word means
money to help a student pay for their education?
Financial Aid
Prompt
Scholarship
Grant
18
Which word means
to plan the spending of money or time
?
Credit
Debt
Tuition
Budget
19
Which word means
the money a person pays to be taught at a college or private school?
Minimum
Tuition
Principal
Degree
