WorksheetsFinancial Literacy Terms Quiz Prep
Total questions: 15
Worksheet time: 8mins
A plan for how to spend and save money over a certain period of time
saving
expense
budget
income
the money you earn from work, allowance or other sources
Income
budget
balance sheet
asset
money that is spent of items, services, or bills
savings
expense
financial statement
equity
money set aside to use later instead of spending it right away
investment
debt
credit
savings
the extra money you earn or pay when saving or borrowing money
credit
debt
interest
liability
money you owe someone else
debt
asset
liability
profit
the ability to borrow money and pay it back later
stock
principal
profit
credit
money borrowed that must be repaid, usually with interest
stock
credit
loan
money
the original amount of money borrowed or invested before interest
principal
profit
credit
SIX SEVEN
the money left after all costs and expenses are paid
Cash Flow
profit
Asset
Liquidity
Something valuable that you own, like money, property, or investments
saving
budget
Asset
Cash flow
Something you owe, such as a loan or a bill to pay
Liability
Income
Expense
Equity
Ownership in something, such as a company or property, after debts are paid
Income
Equity
Expense
Interest
the movement of money coming and going out of a business or account
Financial Statement
Cash Flow
Bond
Stock
A report that shows what a person or business owns and owes at a certain time
Balance Sheet
Equity
Income
Asset
