Vocabulary Quiz #8 Financial Literacy & Review

Money set aside for future use

• Answer not here

• credit

• savings

• bank account

Fees owed for borrowing money or buying with credit

• interest

• Answer not here

• savings

• credit

Money that is ​ (a)   to pay for goods or ​ (b)   now and must be ​ (c)   back to the lender later

• borrowed
• services
• paid
• budget
• savings
• deposit

A ​ (a)   is a financial ​ (b)   that includes estimated expenses and income.

• budget
• plan
• interest
• credit
• deposit

A ​​ (a)   account is a bank account where money is saved and earns ​​ (b)  

• savings
• interest
• withdrawal
• credit
• budget

A checking account allows​ the owner to make ​ (a)   with a ​ (b)   card or written ​ (c)  

• purchases
• debit
• checks
• savings
• withdrawal

A deposit is money ​ (a)   to a bank ​ (b)   ​

• added
• account
• withdrawn
• saving

Money taken from a bank account

• saving

• withdrawal

• deposit

• interest

When demand is greater than the amount of goods that can be produced because of limited resources

• materials

• supply

• deposit

• scarcity

The consumer's interest in and willingness to pay for a good or service

• demand

• materials

• supply

• interest