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Unit 12 Financial and Economic Terms

Unit 12 Financial and Economic Terms

Assessment

Flashcard

Social Studies

8th Grade

Practice Problem

Hard

Created by

Kelli Smith

FREE Resource

Student preview

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15 questions

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1.

FLASHCARD QUESTION

Front

Bankruptcy

Back

A legal proceeding involving a person or business that is unable to repay outstanding debts.

2.

FLASHCARD QUESTION

Front

Credit

Back

An amount of money loaned to a person that must be paid back along with additional interest.

3.

FLASHCARD QUESTION

Front

Debt

Back

An amount of money borrowed by one party from another party.

4.

FLASHCARD QUESTION

Front

Interest

Back

An additional amount you pay to use borrowed money.

5.

FLASHCARD QUESTION

Front

Saving

Back

Setting aside of income for future use.

6.

FLASHCARD QUESTION

Front

Budget

Back

A plan for spending.

7.

FLASHCARD QUESTION

Front

Spending

Back

The amount a person purchases.

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