A person who buys goods and services

What you would like but don't need

Extra money you pay for borrowing money, Money you earn from saving or investing your money

Money that you borrow and have to pay back

A plan showing your income and how you will use it.

Money you put away for later use

Expenses involved in setting up and running a business

What you are prepared to give up to get what you want,

Work done for a person, group or community

Options you have before making a decision

When you grow up you should mostly be a ....?

a saver, a saver and a bit of a spender

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Financial Terms

20 termsStudBud Administration279 plays

Financial Literacy terms

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Questions 20

Answers

1
Spending
Paying the Bank
Paying for goods and services
Paying for goods
Paying for services
2
Consumer
A person who makes choices
A person who makes goods and services
A person who buys goods and services
A person who works at the bank
3
Wants
What you have in the bank
What you are putting in the bank
What you need
What you would like but don't need
4
Interest
Money you borrow
A credit card
Extra money you pay for borrowing money
Money you earn from saving or investing your money
5
Income
Interest from the bank
A choice
Money you earn from work
Money you borrow
6
Loan
Money that you borrow and have to pay back
Money you earn
Money that you borrow
Money in the bank
7
Where does money come from???
Bill English
The goverment make it
Your Mum and Dads jobs
The bank
8
Needs
Items you must have
Items you have
Money for life
Items you want
9
Decision
Money from the bank
Selecting a choice
A loan
What you want
10
Budget
A plan that shows your spending only
A plan from the bank
A plan showing your income and how you will use it.
A plan that shows only your income
11
Savings
Money give to the shops
Items made
Money you find
Money you put away for later use
12
Costs
Expenses involved in setting up and running a business
Income
Money you spend
Work done for a person
13
Trade Off
What you are thinking about
What you are selling
What you are prepared to give up to get what you want,
Money from the banl
14
Profit
Financial bank
Financial loss
Financial choices
Financial gain
15
Goods
Items made for sale
Money you have in the bank
Items you have at home
Money you spend
16
Services
Interest
Work done for a person, group or community
Work done at the bank
A loan
17
Is Mr Mac a saver or a spender
Both
Mostly saver
Spender
Saver
18
What is Mr Mac saving for right now?????
A new car
A new Mt bike
A snowboarding holiday
nothing
19
Choices
What you want
Selecting a choice
What you need
Options you have before making a decision
20
When you grow up you should mostly be a ....?
a spender
a saver
a saver and a bit of a spender
a bank worker

Financial Terms Flashcards | StudBud