The money or payment received for goods or services is called
Personal Finance Test Practice

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Social Studies
•
6th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
income
2.
FLASHCARD QUESTION
Front
To pay out, or use money, wealth, resources, etc.
Back
spending
3.
FLASHCARD QUESTION
Front
Belief that a person can repay money borrowed for an item.
Back
credit
4.
FLASHCARD QUESTION
Front
amount(s) of money laid away to be used at a later time.
Back
savings
5.
FLASHCARD QUESTION
Front
To lend money to a person or business in order to gain more money in return.
Back
investing
6.
FLASHCARD QUESTION
Front
an estimate of expected income and expense for a given time.
Back
budget
7.
FLASHCARD QUESTION
Front
In finance, an amount paid or charged because one borrowed money.
Back
interest
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