Financial Literacy Vocabulary Quiz

The ability to understand how money works in the world

Costs that remain the same in price and frequency

Costs that may vary or be unpredictable

a “pay later” payment option

a “pay now” payment option

A person who purchases goods and services

The demand for a product or service is greater than the availability of the product or service

A written way of tracking income, expenses and goals 

A rise in the general price of goods and services over a period of time

To commit money in an attempt to earn more money back