24/25 PFL Flashcard

Front

____________ is trading money for goods or services.

Back

Spending

Front

What it is called when you place money into an account?

Back

Deposit

Front

Which of the following IS a Fixed Expense?

Back

Netflix Subscription

Front

What is the equation we use to find profit?

Back

P=I-E

Front

Which of the following IS a Variable Expense?

Back

Movie Tickets

Front

What is a Fixed Expense?

Back

An expense that does not change from month to month, like rent or a subscription.

Front

What is a Variable Expense?

Back

An expense that can change from month to month, like groceries or entertainment.

Front

What does 'Profit' mean?

Back

The money earned after all expenses are paid.

Front

What is a 'Deposit'?

Back

Money placed into a bank account.

Front

What is a 'Withdrawal'?

Back

Money taken out of a bank account.