Financial Literacy

Front

What are banks, savings and loans, and credit unions known as?

Back

Financial institutions.

Front

What is the money that you keep after all costs and expenses are paid called?

Back

Profit.

Front

What do you call the money that you receive for a job?

Back

Income.

Front

What is an expense that does not change from month to month called?

Back

Fixed expense.

Front

What is house rent or a monthly payment classified as?

Back

Fixed expense.

Front

What do you call the money you set aside for future use?

Back

Savings.

Front

What is the term for money that is spent on goods and services?

Back

Expenses.

Front

What is the difference between income and expenses called?

Back

Profit.

Front

What do you call an expense that can change from month to month?

Back

Variable expense.

Front

What is the term for the total amount of money you have after all expenses are paid?

Back

Balance.