Financial Literacy vocab 1 22-23

Cash is money in the form of bills and coins

Required payments to a government

Goods or services that people cannot survive without, such as water, food, shelter, and clothing.

What are Goods or services that make people more comfortable or content but which are not necessary for survival.

A for profit institution called a "Bank" offers for personal loans, mortgages, and other services

A card that looks like a credit card but operates like cash; money is immediately subtracted from the bank account

A system of stored value that is used as a medium of exchange between individuals and entities.

A checking account is used for accessing your money for daily use through a debit card or check

A safer way to send and receive money or make an online paymentEx. Venmo, Cash app, and PayPal

What is A fixed amount of money paid regularly for work done? ( hint it starts with the letter 'S')

the ability to understand &use of a variety of financial skills, personal financial management, budgeting, &investing.

a written order for a bank to pay money

money earned from a job

A card authorizing the holder to buy goods and services that can be paid for later.

What is Money received on a regular basis for work or through investments

An interest-bearing account where people put money for future use

What is The amount of financial trust extended to a person or a business by a lender; a loan.?