Financial Literacy Vocabulary Quiz

A tool used to track income and expenses

• Budget

• Credit Score

• Overdraft

• APR

A card used when making purchases that charges interest.

• Credit Score

• Interest

• Loan

• Credit Card

Money borrowed that is expected to be paid back with interest.

• Overdraft

• Loan

• Principle

• Budget

Attempting a transaction, however, the amount exceeds account balance.

• Overdraft

• Investment

• Credit Score

• Loan

A payment card that is directly linked to a checking account.

• Credit Card

• Loan

• Debit Card

• Interest

Giving money in order to gain money.

• Loan

• Principal

• Investment

• APR

When a loan is taken out, this is charged for borrowing the money?

• Overdraft

• Budget

• Loan

• Interest

The annual cost of interest.

• APR

• Investment

• Principle

• Credit Score

A number that determines how responsible you are with money.

• Credit Score

• Loan

• Credit Card

• Overdraft

The initial amount of a loan.

• Investment

• Principle

• Interest

• Credit Score