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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
24 terms
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Financial Literacy Vocabulary
Flashcards
24 cards
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Questions
24
Answers
1
A written plan or spending your money.
Budget
Expenses
Income
FICA
2
If you write a check and do not have money in the bank to cover the amount
Overdraft
Fine
loan
Endorsed
3
Will charge interest if not paid on time and in full
Debit Card
Credit Card
4
What is an example of a Psychological Need??
clothing
food
love
shelter
5
What are goals that are measurable, specific, relevant, time-bound, and achievable?
short-term
hard to achieve
smart
long-term
6
Your income you earn before deductions
Net Income
Gross Income
7
What is an example of a NEED?
food
cell phone
bike
car
8
Deductions from your paycheck might be
Taxes
gross income
expenses
all are correct
9
Energy is?
Human Resource
Nonhuman Resource
10
We all have the same amount of this resource.
time
money
knowledge
skills
11
Where do you get your values?
you learned them
you buy them
12
A choice that your make.
Decision
Value
Ethics
Priority
13
When writing a check
Pencil in case you make a mistake.
any color pen
use black pen
use red pen
14
What is most important to you?
decision
Priorities
ethics
character
15
A card that has a PIN
Credit
ATM
Debit
16
Strong beliefs about what is morally right and wrong.
character
goals
ethics
values
17
An exchange of one thing in return for another
alternatives
Trade-off
decision
Evaluate
18
When using your resources you can
Share with others
Substitute one for another
all are correct
Exchange them
19
Takes the place of cash or checks
Debit Card
Credit Card
20
An example of a human resource is?
car
money
library
knowledge
21
Putting off tasks that might be difficult until later is
Scheduling
Decision making
Procastination
22
This is not an example of a Financial Institution
FICA
Credit Union
Savings and Loans
Bank
23
When creating a budget include the following
Both answers
Fixed Expenses
Flexible expenses
none of the answers
24
What is income?
both are correct
money you earn
birthday money
