Financial Literacy Vocabulary Quiz

The ability to understand how money works in the world

(a)  

Costs that remain the same in price and frequency

(a)  

Costs that may vary or be unpredictable

(a)  

a “pay later” payment option

(a)  

a “pay now” payment option

(a)  

A person who purchases goods and services

(a)  

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

(a)  

A written way of tracking income, expenses and goals 

(a)  

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

(a)  

To commit money in an attempt to earn more money back

(a)