Personal Finance Vocabulary - Part 1

How does a ________ ______ contribute to an individual's preparation for a specific trade or career?

• How does military enlistment contribute to an individual's preparation for a specific trade or career?

• How does attending a technical school contribute to an individual's preparation for a specific trade or career?

• How does a mortgage contribute to an individual's preparation for a specific trade or career?

• How does a checking account contribute to an individual's preparation for a specific trade or career?

A ______ is the total fixed amount of money paid to an employee over a given period of time, generally a year.

• salary

• mortgage

• hourly wage

• income tax

________ __________ is a legally-binding agreement between you and the Army, Navy, Air Force, Marine Corps or Coast Guard.

• generational wealth

• workforce participation

• military enlistment

• HOPE scholarship

A ________ is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home.

• 401k

• hourly wage

• mortgage

• dividends

Which is a merit-based award available to Georgia residents who have demonstrated academic achievement?

• gross pay

• DREAM scholarship

• dividends

• HOPE scholarship

An asset that is passed down from parents to children to grandchildren is known as________ _______?

• generational wealth

• net worth

• contractor services

• gross pay

An educational institution that provides education in preparation for a professional career is known as a _______?

• workforce

• bank

• college

• high school

___ ___ is the amount of money an employee earns after payroll deductions including taxes are taken out.

• net worth

• gross pay

• dividends

• net pay

The total wealth of an individual, company or household, taking account of all financial assets and liabilities is known as their ___ _____.

• net worth

• income tax

• gross pay

• mortgage

A ____ is a financial institution that accepts savings and checking deposits and can make loans.

• technical school

• college

• bank

• credit