Personal Finance Test Practice

The money or payment received for goods or services is called

• credit

• savings

• income

• spending

To pay out, or use money, wealth, resources, etc.

• savings

• credit

• income

• spending

Belief that a person can repay money borrowed for an item.

• savings

• credit

• spending

• income

amount(s) of money laid away to be used at a later time.

• spending

• savings

• credit

• income

To lend money to a person or business in order to gain more money in return.

• supply

• investing

• interest

• budget

an estimate of expected income and expense for a given time.

• supply

• interest

• budget

• investing

In finance, an amount paid or charged because one borrowed money.

• supply

• interest

• investing

• budget

a quantity of something on hand or available for use; a stock or store

 

• budge

• interest

• investing

• supply

the state of being wanted for purchase or use.

• standard of living

• goods

• demand

• service

articles of trade; merchandise

• standard of living

• goods

• service

• demand