WorksheetsFinancial Literacy Vocabulary
Total questions: 12
Worksheet time: 6mins
What is a budget?
A financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
A spending plan based on income and expenses for a specific period.
The amount of money received by a person, group, or company during a specific time.
A cost or charge.
What is an asset?
A resource with economic value that an individual or corporation owns or controls with the expectation that it will provide a future benefit.
A cost or charge.
The amount of money someone sets aside not to spend.
Something that is owed or due, usually money.
What is interest?
A spending plan based on income and expenses for a specific period.
A transaction involving a money transfer to another party for safekeeping.
The cost of borrowing money, typically expressed as a percentage.
the management of large amounts of money, especially by governments or large companies.
What is credit?
A spending plan based on income and expenses for a specific period.
A fixed annual payment paid for work; usually paid monthly or bi-weekly.
The cost of borrowing money, typically expressed as a percentage.
Money that a bank or business will allow a person to use and then pay back in the future.
What is income?
A spending plan based on income and expenses for a specific period.
A transaction involving a money transfer to another party for safekeeping.
The amount of money received by a person, group, or company during a specific time.
The amount of money someone sets aside not to spend.
What is a bank?
A financial institution that accepts deposits from the public
A cost or charge.
Something that is owed or due, usually money.
A spending plan
What is a deposit?
The cost of borrowing money, typically expressed as a percentage.
A fixed annual payment paid for work
Something that is owed or due, usually money.
A transaction involving a money transfer to another party for safekeeping.
What are expenses?
A cost or charge.
A resource with economic value that an individual or corporation owns or controls
Money that a bank or business will allow a person to use and then pay back in the future.
The cost of borrowing money, typically expressed as a percentage.
What is a salary?
Money that a bank or business will allow a person to use
A fixed annual payment paid for work; usually paid monthly or bi-weekly.
the management of large amounts of money
Something that is owed or due, usually money.
What are savings?
A cost or charge
The cost of borrowing money
The amount of money someone sets aside not to spend.
A spending plan
What is debt?
The amount of money someone sets aside not to spend.
A financial institution that accepts deposits from the public
The amount of money received by a person, group, or company
Something that is owed or due, usually money.
What is finance?
Something that is owed or due, usually money.
The cost of borrowing money, typically expressed as a percentage.
the management of large amounts of money, especially by governments or large companies
A transaction involving a money transfer to another party for safekeeping.
