Fin Lit Vocab Quiz Weeks 1 + 2 (MP2)

1. The process of setting aside a portion of current income for future use is called:

• 1. Checking

• 1. Saving

• 1. Investing

• 1. Banking

1. Expending money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture

• Buying

• Saving

• Investing

• Checking

Tags

CCSS.HSS.MD.A.2

CCSS.HSS.MD.A.3

CCSS.HSS.MD.B.5

1. Measures the value of all assets of worth owned by a person

• BAnk Account

• 401k Account

• Mortgage

• Wealth

1. Allows employees to contribute a portion of their wages into individual retirement accounts

• 1. 247k Account

• 1. Pension Fund

• 1. Mortgage

• 1. 401k Account

1. A payment to a common fund or collection is also called a…

• Debit

• Credit

• Contribution

• Deficit

Tags

CCSS.7.RP.A.3

1. Something that you are saving to have in the future can be referred to as a…

• Savings Goal

• Mortgage

• Contribution

• Checking Account

1. The real return on a savings account or investment, typically expressed as an annual percentage  

• Inflation

• Stock

• Interest Rate

• Yearly Savings

1. The increasing value of an asset due to the interest earned on both principal and accumulated interest

• Stock Price

• Rising Cost

• Compound Interest

• Savings Calcuator

Tags

CCSS.HSF.LE.A.1

CCSS.HSF.LE.A.2

CCSS.HSF.LE.A.3

1. A loan used to buy a property

• Auto Loan

• Short-term Loan

• Roaming Charge

• Mortgage

Tags

CCSS.HSA.CED.A.2

1.  The net gain or loss of an investment over a specified time period

• Rate of Return (ROR)

• Wealth

• Price

• Retirement

Tags

CCSS.HSS.MD.B.5