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Financial Literacy - Everfi Vault - ICT 2 - Goins Flashcards | StudBud
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Financial Literacy - Everfi Vault - ICT 2 - Goins
Financial Literacy - Everfi Vault - ICT 2 - Goins
32 terms
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Financial Terminology
Flashcards
32 cards
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Practice quiz
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Questions
32
Answers
1
The price of goods and services rises over time.
Inflation
Salary
Interest
Investments
2
A legal agreement that lets someone use a car, etc., for a period of time in return for payment
Lease
Debt
Assets
Interest
3
Work you do for money.
Debt
Job
Wage
Loan
4
The cost of the things that people spend money on.
Income
Assets
Expense
Lease
5
Something you truly cannot live without.
Lease
Debt
Interest
Need
6
A savings certificate that gains interest and has a set time before you can withdraw your money
Bill
Budget
Certificate of deposit
Loan
7
Helps people invest their money.
Friend
Entrepreneur
Teacher
Brokerage Firm
8
Money set aside for short- or long-term goals.
Expenses
Assets
Wages
Savings
9
Annual tax placed on the money employees make at jobs and collected by the federal government.
Interest
Income
Income tax
Sales tax
10
Amount of money that is given to someone for a period of time with a promise to be paid back.
Loan
Debt
Lease
Income tax
11
Activities related to the production of goods and services.
Needs
Collateral
Economy
Insurance
12
Something you would like to have but will be okay without.
Lease
Sales Tax
Want
Need
13
Money earned from working and other means.
Interest
Income
Lease
Loan
14
To take money out of an account.
Withdraw
Loan
Borrow
Deposit
15
A loan that a person uses to pay for things, but is expected to pay back.
Charity
Career
Debt
Credit
16
The knowledge and skills to manage money.
Collateral
Income tax
Financial Literacy
Interest
17
The act of using money to earn more money.
Insurance
Credit
Income
Investments
18
Giving resources or volunteering time to help those in need.
charity
financial planner
loan
credit
19
An amount of money that you owe to a person, bank, company, etc.
Credit
Need
Debt
Job
20
A place where people put their money for safekeeping, and for ease of use.
Bank
Credit Union
Stocks
Certificate of Deposit
21
The amount of money that a person earns after taxes and other amounts have been subtracted.
Loan
Take-home pay
Wage
Lease
22
A legal agreement to borrow money to buy a house and pay for it over a period of years.
Lease
Career
Mortgage
Bank
23
Payment for work, usually calculated on an hourly or daily bases and paid on schedule.
Debt
Lease
Bank
Wage
24
Payment for work, represented as a yearly sum.
Salary
Debt
Asset
Savings
25
Buying stuff without thinking about whether or not you need it.
Inflation
Income tax
Insurance
Impulse buying
26
Something that you promise to give someone if you cannot pay back a loan.
Collateral
Interest
Savings
Lease
27
What a person owns of value, such as jewelry, savings, art, a home, and a car.
Wage
Lease
Asset
Debt
28
Something you obtain by going to school and working jobs related to the work you want to do.
entrepreneur
career
charity
29
A spending plan people make in order to make sure there is enough income to cover all expenses.
pay check
assets
budget
charity
30
A person who starts his or her own business.
Expense
Entrepreneur
Mortgage
Brokerage Firm
31
A fee added to the sticker price of an item that is paid to the state or city.
Loan
Asset
Salary
Sales tax
32
The extra fee charged for borrowing money, or the cost of borrowing money.
Loan
Interest
Wage
Asset