Personal Financial Literacy Vocabulary

Personal Financial Literacy Vocabulary

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Loan

An amount of money given to the borrower for a set period of time.

Certificate of Deposit(CD)

A certificate issued by a bank to a person depositing money for a specified length of time.

Money Market Fund

A savings investment plan offered by investment companies.

Savings Bond

A bond issued by the government and sold to the general public.

Borrow

To receive for temporary use

Cost

The price of something

Selling Price

The amount the customer pays for an item

Multiple Choice

The price of something.

• Selling price

• Borrow

• Cost

• Loan

Multiple Choice

To receive for temporary use

• Selling price

• Certificate of Deposit

• Borrow

• Cost

Multiple Choice

A savings investment plan offered by investment companies

• Savings Bond

• Certificate of Deposit

• Loan

• Money Market Fund

Multiple Choice

The amount the customer pays for an item

• Savings Bond

• Cost

• Borrow

• Selling Price

Multiple Choice

A certificate issued by a bank to a person depositing money for a specific length of time

• Certificate of Deposit

• Loan

• Savings Bond

• Money Market Fund

Multiple Choice

A bond issued by the government and sold to the general public

• Certificate of Deposit

• Savings Bond

• Loan

• Cost

Multiple Choice

An amount of money given to the borrower for a set period of time.

• Money Market Fund

• Savings Bond

• Loan

• Borrow

Spending

Trading money for goods or services

Saving

Set aside money for future use

Withdrawal

When money is taken out of an account

Deposit

When money is put into an account

Balance

The amount of money in your bank account

Profit

The financial(money) gain made in a transaction

Interest

A sum paid or charged for the use of money or for borrowing money

Multiple Choice

The amount of money in your bank account

• Profit

• Balance

• Interest

• Deposit

Multiple Choice

The money made in a transaction

• Interest

• Deposit

• Withdrawal

• Profit

Multiple Choice

When money is put into an account

• Balance

• Deposit

• Profit

• Interest

Multiple Choice

A sum paid or charged for the use of money or for borrowing money

• Deposit

• Profit

• Interest

• Balance

Multiple Choice

When money is taken out of an account

• Withdrawal

• Deposit

• Balance

• Loan

Expense

Amounts of money spent

Variable Expenses

Expense that CHANGES from month to month

Fixed Expenses

Expenses which basically stay the same from month to month, such as housing and transportation

Multiple Choice

Trading money for goods and services.

• Deposit

• Balance

• Profit

• Spending

Multiple Choice

Amount of money spent

• Expense

• Spending

• Deposit

• Balance

Multiple Choice

Expenses that CHANGE from month to month

• Saving

• Spending

• Variable Expense

• Fixed Expense

Multiple Choice

Setting aside money for future use

• Spending

• Saving

• Deposit

• Profit

Multiple Choice

Expenses that stay the SAME from month to month

• Fixed Expense

• Depoit

• Expense

• Variable Expense