Personal Finance

Personal Finance

Assessment

Flashcard

Geography

6th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

An example of a need is:
- Food
- A BMW
- A mansion
- Nike shoes

Back

Food

2.

FLASHCARD QUESTION

Front

An arrangement by which a buyer can take possession of something now and pay for it in the future, usually with interest.

Back

Credit

3.

FLASHCARD QUESTION

Front

a home loan

Back

Mortgage

4.

FLASHCARD QUESTION

Front

Money taken in; the source could be a gift or prize, money earned from performing a task, an allowance, earnings at a job, or earnings from an investment

Back

Income

5.

FLASHCARD QUESTION

Front

Money paid regularly by a bank to the account holder for money being saved

Back

Interest

6.

FLASHCARD QUESTION

Front

Money set aside now in order to grow money for the future

Back

Investment

7.

FLASHCARD QUESTION

Front

Interest is:

Back

The cost of borrowing money

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