Finance Vocab Challenge

What is a financial institution?

• A financial institution is a government agency that regulates the financial industry.
• A financial institution is a non-profit organization that provides financial education.
• A financial institution is a company that provides financial services.
• A financial institution is a type of insurance company.

What is a surplus?

• A balanced amount of something
• A shortage of something
• A random amount of something
• An excess amount of something

What does scarcity mean?

• Equal distribution of resources
• Limited availability of resources
• Abundance of resources
• Unlimited availability of resources

There are several things that Shelly needs to plan for to spend money on. What would be beneficial for her to create to help?

• savings plan
• investment portfolio
• budget
• expense tracker

Everyday, American's are charged this on every purchase.

• excise tax
• income tax
• sales tax
• property tax

When you get a job and you make money, it is called?

• position
• occupation
• life

• income

What does it mean to save?

• To keep or preserve something for future use or reference.
• To share something with others.
• To spend money on something.
• To discard or throw away something.

Homer wants to put money towards stocks. This is called what?

• investing
• borrowing
• spending
• saving

The animal shelter is in need of food, they asked if anyone could contribute food. This is asking for a?

• Volunteer
• Donation
• Fundraising
• Adoption

What is a good?

• A good is a want or need.
• A good is a bad.
• A good is a service.
• A good is a tangible or intangible item that satisfies a human want or need.