Financial Literacy Vocab

Front

Fraud is the crime of obtaining __________ or some other _________ by deliberate deception.

Back

money; benefit

Front

Money owed to a person or institution.

Back

debt

Front

Interest is money added to the original amount by increasing it by a certain percentage over time.

Back

added

Front

Record of savings, investments, or money owed at a bank.

Back

account

Front

Money set aside for later use or emergencies, often in a bank savings account to earn interest.

Back

Savings

Front

Money borrowed from a person or business, to be paid back with interest.

Back

Loan

Front

An ____________ is money put into a business.

Back

Investment

Front

A plan to divide money for spending, saving, and giving needs.

Back

Budget

Front

Money from selling a good or service.

Back

Commission

Front

Using current money to make more money involves risk.

Back

Invest