Unit 3 and 4 Vocabulary

What is the definition of "Expenditure"?

• The amount of money you save.

• The amount of money you earn.

• An amount of money you spend.

• An amount of money you invest.

What are "Monthly Living Expenses"?

• The amount of money you save each month.

• The amount of money you spend on bills that vary in cost from month to month.

• The amount of money you earn each month.

• The amount of money you invest each month.

What are "Monthly Fixed Expenses"?

• The amount of money you spend on expenses that generally stay the same from month to month.

• The amount of money you save each month.

• The amount of money you earn each month.

• The amount of money you invest each month.

What are "Annual Expenses"?

• Expenses that occur monthly.

• Expenses that occur weekly.

• Expenses that get paid only once in a year.

• Expenses that occur daily.

What is an "Expense Summary"?

• A summary sheet that compares the amounts you spend to the amounts that you have budgeted.

• A summary of your income.

• A summary of your savings.

• A summary of your investments.

What is a "Deposit"?

• An amount of money you withdraw from your bank account.

• An amount of money you spend.

• An amount of money you invest.

• An amount of money you put into your bank account.

What is an "Automatic Teller Machine (ATM)"?

• A machine that dispenses food.

• A machine that you can use to complete bank transactions like deposits and withdrawals using the card that corresponds to the account.

• A machine that prints money.

• A machine that calculates expenses.

What is a "Personal Identification Number (PIN)"?

• A code that you enter into the automatic teller machine when you are making a transaction.

• A number that identifies your bank account.

• A code used for online shopping.

• A number that represents your credit score.

What is a "Checking Account"?

• An account that allows you to write checks and make debit charges against funds that have been deposited in it.

• An account that earns interest.

• An account for saving money.

• An account for investing in stocks.

What is a "Check"?

• A piece of paper that lists your expenses.

• A piece of paper that lists your income.

• A piece of paper that tells the financial institution your bank account number and the amount of money to be paid to the person or company named on the check.

• A piece of paper that lists your investments.