Financial Literacy Vocabulary
Quiz by heather spencer
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11 questions
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- Q1What is an estimate of your monthly fixed and variable expenses compared to your income?profitinterestloanbudget30s
- Q2What is money given to someone with a promise to pay it back? Example: It is often used when you buy a house or car.incomedepositprofitloan30s
- Q3What is the money earned by doing your job?debtinvestincomedeposit30s
- Q4What is the money made in a business after all the the expenses have been paid?debtdepositprofitincome30s
- Q5What is it called when you put money into a bank account or credit union?deposit30s
- Q6When you borrow money, extra money added is ...interest30s
- Q7A ___________ expense can change from month to month, like money budgeted for clothing, food, or entertainment.variablefixedprofitinvest30s
- Q8A ___________ expense is the same every month, for example a car payment or rent.investincomevariablefixed30s
- Q9When you use your money to make more money you are making an _______investment30s
- Q10Taking money from your bank account is awithdrawal30s
- Q11When you spend more than you earn every month, you could go into _______debtdepositprofitinterest30s