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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
28 terms
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Definitions for Banzai
Flashcards
28 cards
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Questions
28
Answers
1
The combined balance of your cash and accounts
Net Worth
Transfer
Utilities
Reconciliation
2
Anything you spend money on
Net Pay
Expense
Paystub
Debt
3
An order to pay another person an amount of money from your account
Loan
Net Pay
Check
Debt
4
When money has transferred from the account of the payer to the payee
Debit card
Debt
Paystub
Cleared Check
5
Account where money can be withdrawn with checks or a debit card
Check Register
Checking Account
Transfer
Gross Pay
6
Protects against losses to property and injuries to people in a car accident.
Health Insurance
Auto Insurance
Renters Insurance
Home Insurance
7
The amount you owe on a loan
Savings Account
Deposit
Overdraft
Debt
8
Money place into an account; Direct Deposit
Debit Card
Deposit
Gross Pay
Net Pay
9
Used to withdraw cash from a checking account.
Deposit
Credit Card
ATM
Budget
10
Record of all deposits to and withdrawals from a checking account
Checking Account
Loan
Overdraft
Check Register
11
Insurance that covers medical illness or injury
Auto Insurance
Insurance
Health Insurance
Renters Insurance
12
A document that comes with your paycheck, showing how much you were paid
Overdraft
Reconciliation
Paystuub
Transfer
13
The total amount of a paycheck before taxes
Net Worth
Loan
Gross Pay
Net Pay
14
When money is moved from one account to another
Transfer
Utilities
Renters Insurance
Debt
15
Covers your personal property in a rented apartment or home
Health Insurance
Insurance
Loan
Renters Insurance
16
A product offered by a company promising to protect you from specific financial risks
Transfer
Paystub
Insurance
reconciliation
17
Money earned through work
Loan
Income
Net Pay
Utilities
18
Credit extended from a financial institution when an account has insufficient funds
Overdraft
Loan
Paystub
Transfer
19
The percentage cost of borrowing from someone else.
Interest Rate
Paystub
Expense
Net Worth
20
The amount of a paycheck after taxes are subtracted from Gross Pay
Check Register
Net Worth
Net Pay
Savings Account
21
A term used to reference electric, water,gas, and other services
Debt
Utilities
Overdraft
Loan
22
A way to balance your account records with your bank or credit union
Overdraft
Net Pay
Reconciliation
Loan
23
Plan used to decide the amount of money to spend,and how it will be spent
Utilities
Income
Budget
Expense
24
An amount or owed on an account
Balance
Paystub
Loan
Cleared Check
25
Accounts for storing or saving money with limited withdrawals
Transfer
Checking Account
Savings Account
Overdraft
26
Allows you to make purchases and pay for them at a later date
Credit Card
Health Insurance
Insurance
Interest Rate
27
Used to make purchases with funds directly from a checking account
Debt
Debit Card
Transfer
Credit Card
28
Money lent to someone else in exchange for future payment
Check
Overdraft
Loan
Transfer