Financial Concepts Quiz

An item of value owned by someone, which can be used to generate income.

• Liability

• Asset

• Risk

• Barter

Tags

CCSS.HSA.CED.A.4

A debt that someone is responsible for, which may require future payment.

• Trading

• Liquidity

• Liability

• Portfolio

May benefit someone, but also could lead to a loss.

• Risk

• Asset

• Bond

• Stock

Tags

CCSS.HSS.MD.B.7

The exchange of goods or services without using money.

• Capital Gain

• Trading

• Barter

• Social Security

The ability for a person to turn an asset into cash.

• Liquidity

• Risk

• Portfolio

• Brokerage

The act of buying, selling, or exchanging goods and services.

• Trading

• Barter

• Invest

• Brokerage

To put money down in order to gain a financial return or profit over time.

• Bond

• Invest

• Asset

• Capital Gain

A government program that provides financial assistance to individuals, particularly the elderly, disabled, and survivors.

• Individual Retirement Account (IRA)/401k/403b

• Social Security

• Index Funds/Mutual Funds

• Capital Gains Tax

Types of tax-advantaged retirement savings accounts that allow individuals to save for retirement while potentially reducing their taxable income.

• Bond

• Stock

• Individual Retirement Account (IRA)/401k/403b

• Liquidity

A fixed income investment in which an investor loans money to an entity (government or corporation) for a defined period at a fixed interest rate.

• Risk

• Bond

• Trading

• Asset