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

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

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

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

What term represents all education that takes place after high school

• post-secondary education

• vocational training

• high school diploma

• associate's degree

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

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

• high school diploma

• associate's degree

• college

• junior college

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