Financial Literacy

What is money earned from sales called?

• Expenses

• Income

• Revenue

• Sales

What is money going out to pay bills called (i.e rent)?

• Income

• Taxes

• Expenses

• Money

What is a small piece of ownership in a company called?

• Bond

• Deductible

• Mutual Fund

• Stock

While shopping at the mall, what payment method would you use to withdraw money from your checking account?

• Loan

• Debit Card

• Credit Card

• Prepaid Card

What is the BEST strategy to avoid paying interest on credit cards?

• Skip payments

• Pay the full balance each month

• Pay the minimum

• Pay online

Income earned on an hourly basis is called:

• Stipend

• Salary

• Insurance

• Wage

This is usually paid on a monthly/bimonthly basis for professional employment.

• Salary

• Wage

• Income

• Expense

How do credit cards make money off of you?

• By impacting your credit

• By offering you discounts

• By charging interest

• By giving you a card

Revenue is.....

• money going out of the business.

• money earned from sales

• taxes a company pays

• money left over after paying bills

A loss is when....

• Revenue is more than expenses

• revenue is less than expenses

• revenue is equal to expenses

• none of the above