Financial Literacy Vocabulary

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

• Certificate of Deposit

• Financial Institution

• Savings Account

• Allowance

A _______________ is an account that earns interest.

• Lending

• Profit

• Savings Account

• Allowance

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

• Income

• Expense

• Interest

• Revenue

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

Money received as a result of working is ______________.

• Expense

• Allowance

• Savings

• Income

Money spent for something is an _________________.

• Expense

• Allowance

• Income

• Lending

Money paid regularly to a child is an ___________________.

• Income

• Expense

• Allowance

• Interest

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

• Fixed Expense

• Variable Expense

• Allowance

• Income

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

• Profit

• Revenue

• Borrowing money

• Income