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