Finance

What is the best definition for payment?

• Petting a dog

• Borrowing money from someone

• Paying someone

• Person who lends money

What is the best definition of budget?

• An estimate of income for a period of time.

• Paying someone

• A person who borrows money

• Borrowing money for a car

What is the best definition for loan?

• Stealing from a bank

• Something borrowed that is expected to be paid back.

• Money set aside for an unplanned expense

• Paying someone

What is the best definition for emergency fund?

• Money set aside for unplanned expenses

• Money that you spend every day

• Money that is used for video games

• Money used for eating at a restaurant

What is the best definition for interest rate?

• How interested someone is in you

• How interested you are in someone

• Money set aside for unplanned expenses

• Amount a lender charges a borrower and is a percentage of the amount owed

What is the best definition for Principal?

• A fast car

• A rabbit

• Original sum of money borrowed

• Person who lends money

What is the best definition for lender?

• A person who borrows money

• A person who leads people

• A video game

• A person who lends money

What is the best definition for borrower?

• Someone who lends money

• Someone who steals money

• A person who borrows money

• The name of my dog