Personal Finance Vocabulary
Authored by Nathaniel Loewen
Business
10th Grade
Used 1+ times
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100 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ______ is anything that is owned by an individual, including money in the bank or investments.
Asset
Liability
Expense
Revenue
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: A ______ is a person or organization that uses a product or service.
Consumer
Producer
Supplier
Manufacturer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ______ is the granting of a loan and the creation of debt; any form of deferred payment.
Credit
Deposit
Withdrawal
Investment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ______ is money owed to another person or company.
Debt
Asset
Income
Equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ______ is the cost of goods or services; money paid out.
Expense
Revenue
Asset
Income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: ______ is the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.
Financial Literacy
Physical Education
Culinary Arts
Art History
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: A ______ is a plan of action that allows a person to meet not only their immediate needs but also their long-term goals.
Financial Plan
Shopping List
Travel Itinerary
Recipe
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