Financial Literacy Vocabulary

A Place that gives loans, takes deposits and helps with investments is a _____________.

• Certificate of Deposit

• Financial Institution

• Savings Account

• Allowance

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A _______________ is an account that earns interest.

• Lending

• Profit

• Savings Account

• Allowance

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Money paid for the use of someone else's money is ____________.

• Income

• Expense

• Interest

• Revenue

Tags

CCSS.7.RP.A.3

A type of savings where money must stay in the account for a specific length of time is ________________.

• Certificate of Deposit (CD)

• Bond

• Allowance

• Profit

A written agreement to pay a certain amount of money on a certain date, which is when the ___________matures.

• Bond

• Certificate of Deposit

• Revenue

• Income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Money received as a result of working is ______________.

• Expense

• Allowance

• Savings

• Income

Tags

CCSS.L.4.6

CCSS.RI.4.4

CCSS.W.4.2D

CCSS.RI.3.4

CCSS.RI.5.4

Money spent for something is an _________________.

• Expense

• Allowance

• Income

• Lending

Tags

CCSS.L.4.6

CCSS.RI.4.4

CCSS.W.4.2D

CCSS.RI.3.4

CCSS.W.5.2D

Money paid regularly to a child is an ___________________.

• Income

• Expense

• Allowance

• Interest

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

A ___________________ has a set amount every month and makes planning a budget easier.

• Fixed Expense

• Variable Expense

• Allowance

• Income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Taking a loan to use someone else's money is _______________.

• Profit

• Revenue

• Borrowing money

• Income

Tags

CCSS.L.4.6

CCSS.RI.4.4

CCSS.W.4.2D

CCSS.RI.5.4

CCSS.W.5.2D