Financial Literacy Concepts

Store-valued Card

• A prepaid card that can only be used until the balance is used up.

• A credit card that allows borrowing up to a certain limit.

• A debit card linked to a checking account.

• A gift card that can be used at multiple retailers.

Digital Payments

• Transactions made electronically using devices instead of cash.

• Payments made using physical cash only.

• Transactions that require a bank visit.

• Payments made through postal services.

Responsibility

• The state of having a duty or obligation to manage tasks and make decisions, particularly about money.

• A feeling of joy and happiness in one's life.

• The act of avoiding tasks and responsibilities.

• A legal term for ownership of property.

Interactive Features

• Elements of an app that allow users to actively participate and engage with the content.

• Static components that display information without user interaction.

• Visual elements that enhance the aesthetic appeal of an app.

• Background processes that run without user involvement.

Cost-Performance Ratio

• A method to assess the environmental impact of a product.

• A way to evaluate the value of a product by comparing its cost to its benefits or effectiveness.

• A strategy for maximizing profit margins in business.

• A technique for measuring customer satisfaction with a product.

Social Enterprise

• A business that aims to benefit society while making a profit.

• A non-profit organization that only focuses on charity.

• A government initiative to support local businesses.

• A traditional business that prioritizes profit over social impact.

Financial Education

• Teaching individuals the skills needed to invest in stocks.

• Teaching individuals, especially children, the skills needed to manage money wisely.

• Teaching individuals how to avoid all financial risks.

• Teaching individuals the importance of saving only for emergencies.

Delaying Gratification

• The ability to wait for a larger reward instead of taking a smaller one immediately.

• The tendency to act on impulse without considering the consequences.

• The practice of enjoying immediate rewards without any delay.

• The skill of managing time effectively to achieve goals.

Financial Literacy

• The ability to understand and manage money effectively.

• The skill to invest in stocks and bonds.

• The knowledge of how to save money in a bank account.

• The understanding of economic theories and principles.

Impulse Purchase

• Buying something without planning or thinking carefully about it.

• Making a planned purchase after careful consideration.

• Buying items in bulk to save money.

• Purchasing items that are on sale regardless of need.