Financial Vocabulary

__________ are expenses that occur regularly and the amount does not change

• budget

• fixed expenses

• variable expenses

• interest

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

_______ are expenses where the amount DOES change based on need or want.

• Budget

• Variable Expenses

• profit

• Fixed Expenses

The money that is lent by a bank or other financial institution is called a ____________.

• Profit

• interest

• budget

• loan

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

_______ is the amount left after all the expenses are subtracted from the amount of money received from selling an item or service.

• Profit

• Expense

• Budget

• Loan

Tags

CCSS.6.RP.A.3B

The additional money paid by a borrower to a lender in exchange for the use of a lender's money is called a __________.

• Budget

• Expense

• Interest

• Loan

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

A ____________ is a business, like a bank, that collects money, keeps it safe, and provides money for people and business to borrow.

• Loan

• Interest

• Financial Institution

• Fixed Expenses

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

Which of these is a variable expense?

• House payment

• Health insurance

• Loan Payments

• Groceries

Which of these is a fixed expense?

• Car payment

• Movie tickets

• Gas bill

• Borrowing money