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Financial Literacy Terms

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6th Grade

Used 20+ times

Financial Literacy Terms
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Long term plan on how you are going to use your money (kind of like a long term budget)

Personal Money Management Plan

Short Term Financial Strategy

Immediate Spending Guide

Casual Expense Tracker

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fixed amount of money earned per day, month, or year in exchange for your physical or mental labor

Wage

Salary

Commission

Bonus

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A yearly rate that determines how much interest you will pay for loans

Interest Rate

Loan Fee

Principal Amount

Credit Score

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee paid when you pay a bill after the due date

Late Fee

Service Charge

Overdraft Fee

Processing Fee

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fancy word for putting money somewhere in your budget

Distribution

Allocation

Expenditure

Investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Allowing others to use your money in return for giving you interest

Saving

Lending

Investing

Donating

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money put away to be used later

Savings

Investments

Expenses

Debt

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