Personal Finance Vocabulary

Emma is looking to invest her savings in a bank account. She wants to know the percentage rate that shows how much interest she would earn after a full year. This rate is called _________.

• Annual Percentage Yield (APY)

• Simple Interest Rate

• Monthly Percentage Rate (MPR)

• Compound Growth Rate

Olivia runs a small bakery. At the end of the month, she calculates the difference between what her bakery has earned and what it owes. This number is called the _________.

• Bottom Line

• Revenue

• Asset

• Gross Sales

Nora wants to open a savings account that earns a higher interest rate than a traditional savings account. What kind of account should she open?

• High-Yield Savings Account

• Checking Account

• Money Market Fund

• Certificate of Deposit

Fill in the blank: Daniel wants to save more money, so he looks for a benefit or reason to do so, such as earning interest. This benefit is called an _________.

• Incentive

• Expense

• Deduction

• Obligation

Avery deposited some money into a savings account. The money originally deposited into the account is called ________.

• Principal

• Interest

• Dividend

• Revenue

Scarlett is working on a project to understand how people view a company. She finds that the collective perception of a brand by customers, employees, partners, and others is known as ________.

• Brand Reputation

• Brand Logo

• Brand Slogan

• Brand Product

The price a product could sell for in the future is called its ________.

• Resale Value

• Depreciation

• Cost Price

• Market Share

Ava noticed that her favorite social media influencer endorsed a new skincare product. The impact of such influencer endorsement and product placement on Ava's purchasing decisions is called ________.

• Social Media Influences

• Brand Loyalty

• Impulse Buying

• Viral Marketing

Ethan recently bought a new smartphone. What is a guarantee that the manufacturer or seller will repair or replace the smartphone if it turns out to be defective within a certain timeframe called?

• Warranty

• Invoice

• Receipt

• Guarantee Card

What is a contract that allows you to borrow someone's property for a specified amount of time and money called?

• Lease

• Gift

• Sale

• Mortgage