Financial Literacy Vocabulary

What is the term for the amount of money that a financial institution allows a client to borrow?

• Credit report

• Credit limit

• Debit card

• Savings

What is a scholarship?

• A type of loan that must be repaid with interest

• Money to help a student pay for their education

• A fee charged for banking services

• A document detailing financial history

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

What does the term savings refer to?

• Money borrowed from a bank

• Money placed in a bank account that is not intended to be spent immediately

• A report of one's credit history

• A fixed charge for a service

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

What is a flat rate?

• A variable interest rate

• A charge that varies depending on the amount of money borrowed

• A charge that is the same in all cases

• The cost of purchasing an item on credit

Tags

CCSS.7.RP.A.3

What is a credit report?

• A list of all the degrees a person has earned

• A summary of a person's savings and checking accounts

• A document that provides detailed information about all debts and financial history

• A record of a person's credit card transactions

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

What term represents all education that takes place after high school

• post-secondary education

• vocational training

• high school diploma

• associate's degree

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

1. Training that emphasizes skills and knowledge required for a particular job function is called what?

• post-secondary education

• work

• vocational training

• drivers education

What is awarded upon high school graduation?

• a cap and gown

• graduation party

• high school diploma

• blank piece of paper

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

A degree granted after a two-year course of study is called an ....

• high school diploma

• associate's degree

• college

• junior college

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

1.  What is a degree that is given to a student by a college or university usually after four years of study?

• bachelor's degree

• diploma

• certificate

• trophy

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4