Lab I Issue 4 - Teen Finance -Vocabulary

Money or something else that is owed and should be paid back is called...

• interest

• fee

• balance

• debt

To be without enough money to pay what is owed is to be ...

• bankrupt

• financial

• debt

• fee

relating to the management and use of money

• credit

• balance

• financial

• fee

the amount of money charged for a service

• balance

• fee

• credit

• interest

the extra money paid for borrowing money

• credit

• interest

• income

• balance

money that a person receives from a job or other source

• fee

• interest

• income

• debt

an agreement that allows you to buy something and pay for it later

• fee

• credit

• bankrupt

• debt

the remaining amount of money that is still owed

• balance

• debt

• interest

• fee

Kevin has a $500 credit card. He purchased a jacket for $200. He then made a $100 payment on the card within 30 days. What is his balance?

• $400

• $200

• $100

• $300

Ismael borrowed $5 from Brianna. Ismael has a $5 _____

• fee

• debt

• bankrupt

• credit