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Financial Literacy Vocabulary

Quiz by heather spencer

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11 questions
Show answers
  • Q1
    What is an estimate of your monthly fixed and variable expenses compared to your income?
    profit
    interest
    loan
    budget
    30s
  • Q2
    What is money given to someone with a promise to pay it back? Example: It is often used when you buy a house or car.
    income
    deposit
    profit
    loan
    30s
  • Q3
    What is the money earned by doing your job?
    debt
    invest
    income
    deposit
    30s
  • Q4
    What is the money made in a business after all the the expenses have been paid?
    debt
    deposit
    profit
    income
    30s
  • Q5
    What is it called when you put money into a bank account or credit union?
    deposit
    30s
  • Q6
    When you borrow money, extra money added is ...
    interest
    30s
  • Q7
    A ___________ expense can change from month to month, like money budgeted for clothing, food, or entertainment.
    variable
    fixed
    profit
    invest
    30s
  • Q8
    A ___________ expense is the same every month, for example a car payment or rent.
    invest
    income
    variable
    fixed
    30s
  • Q9
    When you use your money to make more money you are making an _______
    investment
    30s
  • Q10
    Taking money from your bank account is a
    withdrawal
    30s
  • Q11
    When you spend more than you earn every month, you could go into _______
    debt
    deposit
    profit
    interest
    30s

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