Financial Literacy Review

Occurring or returning once a year; happens yearly

• principal

• annual

• rate

• credit card

The amount of funds available in an account

• credit card

• interest

• balance

• debt

A cooperative group that is like a private bank making loans to it's members at lower rates of interest.

• principal

• minimum

• checking

• credit union

The recording or entry made of a debt in an account.

• rate

• debit

• income

• balance

The ability to borrow or to buy goods and services with payment at a later time.

• interest

• minimum

• income

• credit

A plastic item that identifies a person as entitled to have food, merchandise or anything purchased in person or online, later billed on a charge account.

• savings

• checking

• annual

• credit card

The act of lending; temporary use of something with the promise of returning the balance in full.

• loan

• checking

• debit

• balance

The original amount of money being borrowed or lent to an individual.

• balance

• annual

• loan

• principal

The price paid for borrowing money for a load or on credit.

• debit

• interest

• savings

• loan

The percentage of the value of a balance or debt that one pays or is paid each time period (monthly).

• credit

• annual

• checking

• rate