Financial Literacy Vocabulary

Wealth in the form of money or other assets owned by a person is called...

• Capital

• Credit

• Debt

• Budgey

property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies is called...

• Budget

• Asset

• Income

• Financial

Select all the apply as the definition for the word budget.

• an estimate of income and expenditure for a set period of time.

• allow or provide a particular amount of money in a budget.

• inexpensive.

• the state of owing money.

What part of speech is the word debt, the state of owing money?

• adverb

• adjective

• verb

• noun

____________ literacy is when people have knowledge about money and how to manage it.

Credit is...

• the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

• relating to finance, money.

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

• relating to finance, money.

Which word means "to have enough money to pay for something"?

• Withdraw

• Afford

• Lend

• Splurge

Which term describes "to be charged too much for something"?

• Get ripped off

• Borrow

• Charge

• Afford

What is the correct term for "taking money out of a bank account"?

• Deposit money

• Lend

• Withdraw money

• Charge

To ask for a payment for goods or services is to ______ someone.