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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
20 terms
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Flashcards
20 cards
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Questions
20
Answers
1
the amount of something that is available for consumers
goods
services
supply
demand
2
to give for a certain period of time
consumers
lending
borrowing
producers
3
the amount of money not used or spent, put away for later
spending
deposit
saving
withdrawal
4
Income is the amount paid or charged for something.
False
True
5
a person who buys goods or services
lending
producers
borrowing
consumers
6
Wants is something that people would like to have.
False
True
7
how much consumers want something
goods
demand
supply
services
8
to put money into your bank account
withdrawal
saving
spending
deposit
9
things that are made or grown
services
goods
demand
supply
10
work that someone does for somebody else
supply
services
goods
demand
11
to give food, money, or items to a person or group of people
budget
allowance
charity
donate
12
Cost is the money recieved for working.
False
True
13
to use money to pay for something
spending
deposit
withdrawal
saving
14
to take money out of your bank account
deposit
saving
withdrawal
spending
15
Needs are something someone must have to live.
False
True
16
It is a good idea to budget your money.
True
False
17
someone who makes or grows goods; offers services
borrowing
consumers
producers
lending
18
a special group of people that gives back to their community
donate
charity
budget
allowance
19
to take or receive something with the promise of returning it
consumers
borrowing
lending
producers
20
the amount of money earned from a family member or parent
donate
charity
allowance
budget