Financial Literacy Review

Front

What is interest?

Back

A percentage charged when you borrow money or an amount earned for saving money in a savings account.

Tags

CCSS.6.RP.A.3C

Front

How long does a negative credit action remain on a credit report?

Back

7 years.

Front

What does deposit mean?

Back

To put money into an account.

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RL.6.4

CCSS.RL.8.4

Front

What is cash?

Back

The physical form of money, such as coins or paper money.

Front

What is balance in a bank account?

Back

The amount of money available in your account.

Tags

CCSS.7.NS.A.1A

Front

What is a budget?

Back

A plan that outlines expected income and expenses over a certain period.

Front

What is net pay?

Back

The amount of money you take home after taxes and deductions.

Front

What is a pay stub?

Back

A document that shows your earnings and deductions for a specific pay period.

Front

What does it mean to transfer money?

Back

To move money from one account to another.

Front

What is income?

Back

Money received, especially on a regular basis, for work or through investments.