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Financial Literacy-6th Flashcards | StudBud
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Financial Literacy-6th
Financial Literacy-6th
20 terms
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Quiz yourself over some financial literacy terms!
Flashcards
20 cards
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Questions
20
Answers
1
Money given to the government to pay for things like schools, roads and bridges.
Deductions
Risk
Liquid Assets
Taxes
2
Money taken out of your paycheck by your employer.
Wages
Risk
Overdraft
Deductions
3
Card that allows you to borrow money from a company on the promise that you will pay them back
Mutual Fund
Stock
Debit Card
Credit Card
4
The amount of money you make at a job - fixed amount over the course of a year
Salary
Taxes
Stock
Wages
5
The amount of money you make at a job - typically calculated hourly.
Salary
Wages
Gross Pay
Take-Home Pay
6
The percentage of a sum of money charged for its use.
Interest Rate
Investing
Taxes
Risk
7
Loans to the government or to a corporation.
Taxes
Savings Account
Savings Bonds
Liquid Assets
8
Card that allows you to withdraw money directly out of a bank account.
Overdraft Card
Debit Card
Take-Home Card
Credit Card
9
The amount you owe on a loan!
Risk
Deductions
Balance
Overdraft
10
The possibility of something bad happening to your money.
Stock
Taxes
Wages
Risk
11
The amount you make at a job after deductions have been taken out.
Salary
Take-Home Pay
Gross Pay
Wages
12
An investment representing ownership interest in a specific company.
Take-Home Pay
Savings Bond
Stock
Taxes
13
Who are your favorite 6th Careers
teachers
?
None of the above
Mrs. Sulentic
Mr. Peppmeier
Miss Vonnahme
14
The amount you make at a job before deductions have been taken out.
Liquid Assets
Salary
Gross Pay
Take-Home Pay
15
Money placed in a bank or credit union
Savings Account
Stock
Liquid Assets
Mutual Fund
16
Money that can be made available for use
Liquid Assets
Savings Account
Solid Assets
Mutual Fund
17
A long-term plan for earning income through stocks, bonds and mutual funds
Salary
Investing
Stock
Liquid Assets
18
Bonus: What is the equation showing how our money is earned from employers?
Take-Home Pay - Deductions = Gross Pay
Salary + Deductions = Take-Home Pay
Gross Pay - Deductions = Take-Home Pay
Gross Pay - Taxes = Net Pay
19
Type of investment where you pool your money with other people and split any profits or losses
Bonds
Savings Account
Mutual Fund
Stock
20
When you spend more money than you have in your bank account
Overdraft
Risk
Underdraft
Savings Account