Personal Finance Vocabulary Fl

Fill in the blank: ________ is the income after taxes and deductions.

• Net Income

• Gross Income

• Operating Income

• Total Revenue

Fill in the blank: ________ is of value owned by an individual.

• Asset

• Liability

• Expense

• Revenue

Fill in the blank: ________ is charged for borrowing money.

• Interest Rate

• Dividend

• Commission

• Subsidy

Fill in the blank: ________ is an obligation or debt owed to others.

• Liability

• Asset

• Revenue

• Equity

Fill in the blank: ________ are investments to reduce risk.

• Diversification

• Speculation

• Concentration

• Gambling

What is the definition of 'Equity'? Fill in the blank: Equity is ________.

• ownership value in an asset after debts

• the total amount of cash in a business

• the interest paid on a loan

• the process of buying and selling stocks

What is the definition of 'Compound Interest'? Fill in the blank: Compound Interest is ________.

• interest calculated on both principal and accumulated interest

• interest calculated only on the principal amount

• interest calculated only at the end of the term

• interest calculated without considering previous interest

What is the definition of 'Capital Gain'? Capital Gain is ________.

• profit from selling an asset at a higher price than purchase

• the interest earned on a savings account

• the total value of all assets owned

• the amount paid as tax on income

Fill in the blank: ________ is the general increase in prices and fall in purchasing value of money.

• Inflation

• Deflation

• Stagnation

• Depreciation

Fill in the blank: Inflation is the ________.

• general increase in prices and fall in purchasing value of money

• decrease in the supply of goods and services

• increase in employment opportunities

• reduction in government spending