Financial Literacy Vocabulary

What is a career?

• A. A short-term job

• B. An occupation undertaken for a significant period of a person's life with opportunities for progress

• C. A hobby

• D. A volunteer activity

What does an undergraduate degree signify?

• A. A degree earned after completing graduate courses

• B. A degree earned after completing high school

• C. An academic degree earned by a person who has completed undergraduate courses

• D. A degree earned after completing a trade school program

What does "non-residential" mean in the context of a community college?

• A. Students live in dorms on campus

• B. Students do not live in dorms on campus

• C. Students live off-campus

• D. Students live with their families

Which of the following is NOT a characteristic of a career?

• A. Undertaken for a significant period of a person's life

• B. Offers opportunities for progress

• C. A short-term job

• D. An occupation

What type of institution is a trade school?

• A. A post-secondary institution

• B. A high school

• C. A community college

• D. A graduate school

What is money received, especially on a regular basis, for work or through investments, called?

• Expense

• Income

• Interest Rate

• Investment

What is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding, called?

• Income

• Expense

• Interest Rate

• Investment

Which term is used to describe the management of money by individuals?

• Government finances

• Corporate finances

• Personal finances

• Public finances

Which of the following is NOT a type of finance?

• Personal finances

• Corporate finances

• Public finances

• Expense finances

Which term refers to the money spent on something?

• Income

• Expense

• Interest Rate

• Investment