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Personal Finance Glossary

Authored by Wayground Content

Business

5th Grade

Used 23+ times

Personal Finance Glossary
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit Card

a small plastic card issued by a bank, allowing a person to purchase goods or services on credit

a type of loan that must be repaid in full each month

a card that allows users to withdraw cash from ATMs only

a card used exclusively for online shopping

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Commission

money earned as a percentage of a sale or service

a fixed fee paid for a service

a bonus given for exceptional performance

a tax on sales transactions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest

a fee paid for the use of borrowed money

a percentage of a borrowed sum of money which must be paid in addition to the repayment of the loan itself

a type of investment that guarantees returns

a tax imposed on financial transactions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses

financial obligations, such as bills

unexpected income

savings for future investments

non-essential purchases

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wants

things we need for survival, such as food and water

things we desire but can live without, such as toys, video games, or fancy treats

things that are essential for our daily activities, like clothing and shelter

things we aspire to achieve, like goals and dreams

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debt

money owed

a type of investment

a financial asset

a government grant

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Short term investments

Saving your money in a place where you can easily get it back quickly, usually within a year or a few years.

Investing in stocks for long-term growth.

Buying real estate to rent out for passive income.

Putting money into a retirement account.

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