
Financial Literacy Terms
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Financial Education
9th - 12th Grade
Used 5+ times

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consumer
A person who buys or receives goods or services for personal needs or use.
A person who sells products to retailers.
A person who manufactures goods for sale.
A person who provides services to consumers.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost
The total price of a product or service.
The amount of money that is needed to pay for or buy something.
A measure of the value of an item in terms of money.
The difference between the selling price and the purchase price.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Needs
Basic things that someone must have to survive.
Luxury items that enhance comfort.
Optional items for leisure activities.
Things that are nice to have but not essential.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Borrower
Someone who 'borrows' money for a loan.
A person who lends money to others.
A financial institution that provides loans.
A type of investment strategy.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Buy
To get something by paying money for it.
To sell something at a profit.
To borrow something without paying.
To exchange goods without money.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ATM
Automated Teller Machine that lets bank customers perform basic transactions.
A type of bank account for saving money.
A machine that dispenses cash only during business hours.
A device used for online banking transactions.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest
A fee charged by a lender and paid by a borrower.
A type of investment that guarantees returns.
A penalty for late payment of a loan.
A tax imposed on savings accounts.
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