Money Vocab 11-21

Legal process that allows part of your check to be withheld to pay debt.

• Garnishment

• Refreshment

• Capacity

• Collateral

Which of the following includes the knowledge, skills, education and talent people bring to work?

• financial capital
• natural capital
• human capital
• natural resources

What is money received on a regular basis for work or through investments?

• salary
• paycheck
• wage
• income

Mark bought an eraser for $0.25, a pencil for $0.50, and markers for a $1.00. He sold it all for $3.75. What is his profit?

• $3.00
• $2.00
• $2.75
• $3.75

A(n) _______________ is someone who organizes and then runs a business.

• Entrepreneur
• Franchise
• Partnership
• Corporation

The _______________ is the difference between the cost of goods and their selling price.

• Income statement
• Revenue
• Gross profit
• Net profit

A general rise in overall prices is called:

• Deflation
• Inflation
• Consumer Price Index
• Federal Reserve

The primary sources of income for most people between the ages of 20 and 35 who are not living on a pension or social security are:

• Profits from business
• Dividends and interest
• Rents
• Salaries, wages, and tips

Purchases made with your debit card are usually:

• Deducted immediately from your checking accoun
• Deducted from your credit card balance
• Added to your credit card balance
• Put on your credit card bill as a cash advance

Expenses are....

• entrepreneurs
• profit 
• money made by a business
• things used to start and run a business