Understanding Internet Banking

What is a plan for how you will spend your money in a certain period of time called?

• Income

• Budget

• Expenses

• Saving

What term describes the money you earn from working, investments, or other sources?

• Expenses

• Saving

• Income

• Debt

What is the term for the money you spend on goods and services?

• Expenses

• Credit

• Interest

• Financial Goal

What does 'Saving' mean in personal finance?

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What is 'Investing' in the context of personal finance?

• Money that you owe to others

• Using your money to buy assets that you hope will increase in value over time

• The fee charged by a lender to a borrower

• A specific objective or target you aim to achieve with your finances

What is the term for money that you owe to others, usually with interest?

• Credit

• Debt

• Interest

• Emergency Fund

What does 'Credit' refer to in personal finance?

• The ability to borrow money or buy goods and services with the promise to pay for them later

• Money set aside to cover unexpected expenses

• The money you spend on goods and services

• A specific objective or target you aim to achieve with your finances

What is the fee charged by a lender to a borrower for the use of borrowed money called?

• Expenses

• Interest

• Budget

• Income

What is a 'Financial Goal'?

• Money set aside to cover unexpected expenses

• A specific objective or target you aim to achieve with your finances

• The ability to borrow money

• The money you earn from working

What is an 'Emergency Fund'?

• Money set aside to cover unexpected expenses or financial emergencies

• The money you spend on goods and services

• The fee charged by a lender to a borrower

• Using your money to buy assets