Financial Vocab Test 1

Financial Vocab Test 1

Assessment

Flashcard

History

9th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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43 questions

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1.

FLASHCARD QUESTION

Front

Labor

Back

The quantity and quality of human effort available to produce goods and services.

2.

FLASHCARD QUESTION

Front

Job

Back

A piece of work usually done on order at an agreed-upon rate.

3.

FLASHCARD QUESTION

Front

Income: Payments earned by households for selling or renting productive resources.

Back

Includes salaries, wages, interest, and dividends.

4.

FLASHCARD QUESTION

Front

Human Capital Interest

Back

Investment of time, effort, and resources in education and training to enhance knowledge, skills, and health.

5.

FLASHCARD QUESTION

Front

Interest

Back

Money paid regularly at a rate for using lent money or delaying debt repayment.

6.

FLASHCARD QUESTION

Front

Bitcoin is a digital cash form that removes the need for central authorities like banks, using a peer-to-peer network for direct user transactions.

Back

Form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users.

7.

FLASHCARD QUESTION

Front

debase

Back

reduced in quality or value.

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