Match the word with the definition: Interest

An amount of money, that is owed for borrowing money.

Find the definition: Savings

It is money that is kept for future use.

Choose the correct definition: Trading

Transferring goods or services for money.

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Financial Literacy

20 termsStudBud Administration9 plays

Budgeting and Money

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Match the word with the definition: Interest
A calculated estimate of future income and expenses.
An amount of money, that is owed for borrowing money.
Money that is kept for future use.
Items that one spends on, and must pay for.
2
A budget is a plan for what money you will spend within a specific time period, or for a specific purpose.
False
True
3
Money earned from doing your job and completing your work.
Debt
Services
Deposit
Income
4
When a person takes their money out of a bank account to be spent
Trading
Withdrawal
Borrowing
Deposit
5
Money that is placed in a bank account.
Charitable giving
Budget
Deposit
Loan
6
Items that one spends on, and must pay for.
Saving
Interest
Expenses
Donating
7
A person or business who makes goods or provides a service to others.
Income
Producer
Consumer
Charity
8
When a person takes money from the bank and plans to pay it later.
Income
Donation
Loan
Lending
9
When a person gives money to an organization that does something good for the world.
All of above
Donation
Charitable giving
Contribution
10
When a person keeps money to spend later instead of spending now.
Spending
Borrowing
Consumer
Saving
11
Giving money (or goods) away for a good cause or charity.
Expenses
Donating
Saving
Trading
12
A calculated estimate of future income and expenses
Budget
Interest
Income
landing
13
Receiving money temporarily, from a bank or an individual, that myst be paid back in full, and often with interest
Lending
Borrowing
Donating
Saving
14
Find the definition: Savings
A calculated estimate of future income and expenses.
It is money that is kept for future use.
Transferring goods or services for money.
Act of exchange between individuals and or an business.
15
Items that are produced and bought.
Producer
Goods
Consumer
Market
16
Why make a budget?
It helps you to stay in control of your finances.
It helps you understand your spending habits better.
It allows you to save money for the future.
All of the above
17
A job that is done to help another person.
Goods
Banking
Service
Consumer
18
A person or business that buys goods or services.
Producer
Withdrawal
Consumer
Income
19
Choose the correct definition: Trading
Giving money or goods away for a charity
To keep money for the future use.
To give money away temporarily.
Transferring goods or services for money.
20
What is lending?
Receiving money temporarily, from a bank or an individual.
To give money temporarily
Giving money away as a present
Receiving money as a present

Financial Literacy Flashcards | StudBud

Financial Literacy

20 termsStudBud Administration9 plays

Budgeting and Money

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
Match the word with the definition: Interest
A calculated estimate of future income and expenses.
An amount of money, that is owed for borrowing money.
Money that is kept for future use.
Items that one spends on, and must pay for.
2
A budget is a plan for what money you will spend within a specific time period, or for a specific purpose.
False
True
3
Money earned from doing your job and completing your work.
Debt
Services
Deposit
Income
4
When a person takes their money out of a bank account to be spent
Trading
Withdrawal
Borrowing
Deposit
5
Money that is placed in a bank account.
Charitable giving
Budget
Deposit
Loan
6
Items that one spends on, and must pay for.
Saving
Interest
Expenses
Donating
7
A person or business who makes goods or provides a service to others.
Income
Producer
Consumer
Charity
8
When a person takes money from the bank and plans to pay it later.
Income
Donation
Loan
Lending
9
When a person gives money to an organization that does something good for the world.
All of above
Donation
Charitable giving
Contribution
10
When a person keeps money to spend later instead of spending now.
Spending
Borrowing
Consumer
Saving
11
Giving money (or goods) away for a good cause or charity.
Expenses
Donating
Saving
Trading
12
A calculated estimate of future income and expenses
Budget
Interest
Income
landing
13
Receiving money temporarily, from a bank or an individual, that myst be paid back in full, and often with interest
Lending
Borrowing
Donating
Saving
14
Find the definition: Savings
A calculated estimate of future income and expenses.
It is money that is kept for future use.
Transferring goods or services for money.
Act of exchange between individuals and or an business.
15
Items that are produced and bought.
Producer
Goods
Consumer
Market
16
Why make a budget?
It helps you to stay in control of your finances.
It helps you understand your spending habits better.
It allows you to save money for the future.
All of the above
17
A job that is done to help another person.
Goods
Banking
Service
Consumer
18
A person or business that buys goods or services.
Producer
Withdrawal
Consumer
Income
19
Choose the correct definition: Trading
Giving money or goods away for a charity
To keep money for the future use.
To give money away temporarily.
Transferring goods or services for money.
20
What is lending?
Receiving money temporarily, from a bank or an individual.
To give money temporarily
Giving money away as a present
Receiving money as a present