Financial Literacy Vocabulary

Front

A Place that gives loans, takes deposits and helps with investments is a _____________.

Back

Financial Institution

Front

A _______________ is an account that earns interest.

Back

Savings Account

Front

Money paid for the use of someone else's money is ____________. Options: Income, Expense, Interest, Revenue

Back

Interest

Front

A type of savings where money must stay in the account for a specific length of time is ________________.

Back

Certificate of Deposit (CD)

Front

A written agreement to pay a certain amount of money on a certain date, which is when the ___________ matures.

Back

Bond

Front

Money received as a result of working is ______________.

Back

Income

Front

Money spent for something is an _________________

Back

Expense

Front

Money paid regularly to a child is an ___________________.

Back

Allowance

Front

A ___________________ has a set amount every month and makes planning a budget easier.

Back

Fixed Expense

Front

Taking a loan to use someone else's money is _______________.

Back

Borrowing money