Financial Terms

What are fixed costs?

• Expenses that change every time

• Expenses where the amount you pay is the same each time

• Expenses that increase over time

• Expenses that decrease over time

What is a budget?

• A plan to spend money on entertainment

• A spending plan to manage money over a specific period of time

• A list of items to buy

• A way to save money without spending

What are bills?

• Amounts of money saved for future use

• Amounts of money spent to purchase goods and services for yourself or your business

• Amounts of money borrowed from a bank

• Amounts of money earned from a job

What is an overdraft?

• The act of saving money

• The act of spending more money than you really have

• The act of earning more money

• The act of borrowing money

What are Advanced Placement classes also known as?

• AP classes

• Honors classes

• College Prep classes

• Dual Enrollment classes

What is one benefit of taking AP classes and passing the exam?

• Saving money on college classes

• Guaranteed college admission

• Free textbooks

• Extra vacation days

What are dual credit classes also known as?

• AP classes

• DC classes

• Honors classes

• Elective classes

What is one benefit of taking dual credit classes?

• They only count for high school credit.

• They are more expensive than regular classes.

• They count for both high school and college credit.

• They do not affect college admission.

What is a student loan?

• Money given to university students that does not need to be repaid

• Money delivered by specific financial institutions for university students that must be repaid with interest

• A scholarship for university students

• A grant for university students

What is a scholarship?

• A loan given to students

• Money awarded to students based on need

• Money awarded to students who applied and were chosen

• A fee students pay for classes