Financial Literacy Vocab

Fraud is the crime of obtaining __________ or some other _________ by deliberate deception

• information; item

• money; benefit

• information; benefit

• money; item

________ is money owed to a person or institution, such as a bank.

• interest

• commission

• debt

• stock

Interest is money _________ to the original amount by increasing it by a certain percentage over time.

• subtracted

• added

• owed

• given

__________ is a record of any savings, investment, or money owed, often at a bank.

• account

• savings

• debt

• allowance

________ is money set aside to be used later or for emergencies, often stored in a bank savings account to grow by earing interest.

• Stock

• Savings

• Debt

• Account

_________ is money that is borrowed from a person or business (such as a bank) and expected to be paid back with interest.

• Commission

• Loan

• Savings

• Debt

An ____________ is money put into a business.

• Allowance

• Commission

• Investment

• Budget

A __________ is a plan for how to divide your money to meet your spending, savings, and giving needs.

• Investment

• Account

• Budget

• Allowance

A ___________ is money made from the sale of a good or service.

• Allowance

• Commission

• Debt

• Stock

When you _________ , you are using current money to try to make more money, with the understanding that risk is involved.

• Loan

• Budget

• Invest

• Account