Financial Literacy vocab 1 22-23

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

Required payments to a government

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

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

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

a written order for a bank to pay money

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

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

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

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

money earned from a job

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

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

Cash is money in the form of bills and coins

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

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

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