Vocabulary Review: Week 2

Money set aside for a specific purpose

• Budget

• Decoration

• Forecast

• Decision

Answer explanation

A budget is money set aside for a specific purpose, making it the correct choice. Decoration, forecast, and decision do not specifically refer to allocated funds.

An estimate of income and expenses

• Financial Plan

• Celebration

• Suggestion

• Venue

Answer explanation

A Financial Plan is an estimate of income and expenses, making it the correct choice. The other options do not relate to financial estimates.

To put money aside for future use

• Save

• Rent

• Expand

• Facilitate

Answer explanation

The correct answer is 'Save' because it directly means to put money aside for future use, while the other options do not relate to this action.

Regular payment made for rent

• Rent

• Meeting

• Feedback

• Budgeting

Answer explanation

The correct answer is 'Rent' because it directly refers to the regular payment made for occupying a property. Other options like Meeting, Feedback, and Budgeting do not relate to rental payments.

The total income generated

• Revenue

• Decoration

• Opinion

• Vote

Answer explanation

The total income generated is referred to as revenue. It represents the money received from sales or services, making 'Revenue' the correct choice among the options provided.

The amount owed by someone

• Debt

• Group

• Celebrate

• Agenda

Answer explanation

The correct answer is 'Debt' because it specifically refers to the amount owed by someone, while the other options do not relate to financial obligations.

Spending only within financial limits

• Frugality

• Invitation

• Deliberate

• Group

Answer explanation

Frugality refers to the practice of being economical with resources, particularly money, which aligns with the idea of spending only within financial limits. The other options do not convey this specific meaning.

A fixed amount of money for expenses

• Allowance

• Suggestion

• Maintenance

• Predict

Answer explanation

The term 'Allowance' refers to a fixed amount of money allocated for expenses, making it the correct choice. Other options like 'Suggestion' and 'Predict' do not relate to a set monetary amount.

Money earned before tax deductions

• Gross Income

• Budget

• Rent

• Delegate

Answer explanation

Gross Income refers to the total money earned before any tax deductions are applied. It is the correct choice as it directly defines the earnings before taxes, unlike the other options.

Reducing unnecessary expenses

• Cutbacks

• Celebration

• Goal

• Choose

Answer explanation

The correct choice is 'Cutbacks' as it directly relates to reducing unnecessary expenses. 'Celebration' and 'Goal' do not pertain to the concept of cutting costs.