The yearly interest rate charged on borrowed money. Expressed as a percentage and indicates how much interest the borrower will pay over the course of a year. Fill in the blank: _________.

• Annual percentage rate

• Principal amount

• Maturity value

• Compound frequency

Any resource that holds value, contain value that can be converted to money. Fill in the blank: _________.

• Asset

• Liability

• Expense

• Revenue

A formal banking relationship established to provide for depositing or withdrawing money. Fill in the blank: _________.

• bank account

• credit card

• loan agreement

• safe deposit box

A legal status that a person or entity can enter when they’re unable to repay their debts. Carries significant financial consequences. Fill in the blank: _________.

• Bankruptcy

• Inheritance

• Mortgage

• Dividend

A systematic plan for the spending of a usually fixed resource, such as money or time, during a given period. Fill in the blank: _________.

• budget

• receipt

• invoice

• contract

Bank account used for payments via written checks. Fill in the blank: _________.

• checking account

• savings account

• fixed deposit account

• recurring deposit account

Security pledged for the payment of a loan. Fill in the blank: _________.

• Collateral

• Dividend

• Revenue

• Equity

A strategy that consumers can use to save money on purchases. It consists of comparing the prices of similar products to determine which is least expensive. Fill in the blank: _________.

• Comparison shopping

• Impulse buying

• Brand loyalty

• Bulk purchasing

Interest paid or to be paid both on the principal and on accumulated unpaid interest. Fill in the blank: _________.

• Compound interest

• Simple interest

• Fixed deposit

• Recurring deposit

A financial arrangement in which money is borrowed for a purchase and paid back at a later date. Fill in the blank: _________.

• Credit

• Deposit

• Withdrawal

• Dividend