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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
12 terms
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Flashcards
12 cards
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Questions
12
Answers
1
Charity is receiving money for work you do.
True
False
2
things used to produce goods and services
resources
wants
income
needs
3
the amount of money something would bring if sold
lender
profit
income
cost
4
things a person must have to survive
credit
interest
needs
wants
5
An organization or person that lends money
credit
borrower
interest
lender
6
an amount of money put aside for the future
planned spending
saving
unplanned spending
spending
7
money earned by doing work
interest
income
needs
credit
8
paying money for goods and services
saving
earning
investing
spending
9
things a person wishes to have but can live without
needs
wants
income
spending
10
giving things like money, items and time to others and not expecting anything in return
donate
resource
needs
wants
11
putting money aside on a regular basis in order to reach a goal
cost
saving
income
profit
12
a way to buy something and pay for it later
interest
income
saving
credit