NEW
Font size
WorksheetsSummative
Total questions: 21
Worksheet time: 2hrs 45mins
Anything that is purchased with the hope that it will generate income or be more valuable at a future date.
investment
loan
income
expense
Money borrowed from a bank.
dept
loan
budget
expense
Cost paid to secure a good or service.
expense
income
dept
interest
The fee for borrowing and using someone else's money.
expense
interest
interest rate
income
Payment received for goods or services, including employment.
interest
dept
credit
income
The percentage at which interest is charged or paid.
interest
interest rate
budget
cost benefit analysis
A plan for future spending and saving, weighing estimated income against estimated expenses.
income
cost comparison
budget
cost benefit analysis
Money owed, usually as a result of borrowing.
dept
expense
income
interest
What is a budget?
A type of savings account
A way to invest for retirement
A fund for emergencies
A financial plan that defines expenses for a period of time.
