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Financial Literacy Flashcards | StudBud
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Financial Literacy
Financial Literacy
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Money Vocabulary
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
A card that accesses open-ended credit; that charges interest
Debit Card
Frequent Flyer Card
Credit Card
2
Something you have a desire to have
Need
Money
Want
3
A loan to buy real estate
Loan
Rent
Mortgage
4
an agreement by which a student borrows money from a back to pay back after graduation
FAFSA
Merit Based Aid
Student Loan
5
A valuable possession such as property, business equipment, real estate or stocks
Assest
Income
Checking Account
6
Payment for work
Salary
Cash
Taxes
7
An amount of money owed
Debt
Expense
Money
8
This is an Example of a Want
Bread
Nail Polish
Gas for Your Car
9
an account that allows deposits and withdrawals and usually pays interest
Savings Account
Checking Account
Stocks
10
Something that is essential to life or the successs of your life
Need
Want
Money
11
A bank deposit against which checks can be drawn by the depositor
Loan
Savings Account
Checking Account
12
A plan for maintaining cash flow; a record of income and expenses
Cash Flow Plan
Check Register
Budget
13
Money earned by working or investing
Asset
Income
Checking Account
14
What should a balance NEVER be?
Zero
Positive
Negative
15
This is an example of a Need:
Cellphone
Hollister Sweatshirt
Brand New Truck
