Financial Literacy Vocabulary Quiz

A way to buy something and pay for it later

• Income

• Credit

• Interest 

• Lend 

The amount of something available to buy is called __________.

• supply

• demand

• income

• charity

Mowing the lawn, washing the dishes, and walking your pet are all types of ___________ (work you can do for money).

• Earn

• Human Capital

• Labor

• Interest

What is the money you receive from doing work?

• Income

• Spend

• Earn

• Labor

_________ means to put money aside to use in the future.

• Save

• Spen

• Earn

• Borrow

What is a plan for how you will use your money?

• Savings

• Spend

• Budget

• Income

What is the meaning of charity?

• showing disrespect to people

• giving money to help others

• buying goods and services from the store

• selling a good or service

__________ is extra money you pay when you borrow money.

• Credit

• Loan

• Interest

• Deposit

Tiffany went to the mall to __________ her allowance.

(Hint: to pay money for goods and services)

• Save

• Earn

• Borrow

• Spend

What does it mean to earn money?

• To put it aside to use in the future.

• To buy something now and pay for it later

• To exchange or pay for goods and services

• To receive payment for work done