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Personal Finance Vocabulary
Author :
Heather Asperger
1.
Where do citizens likely go to store their money?
A
bank
B
debt
C
tax
2.
What can you create to help you manage the amount of money you spend over a period of time?
A
interest
B
property tax
C
budget
3.
When Wendy borrowed money to pay for her new TV, she had to open a line of ________ at Best Buy.
A
sales tax
B
credit
C
stock
4.
Other than banks, these businesses are formed when common members pool their savings together and loan it to others.
A
income
B
budget
C
credit union
5.
After leaving college, Tyrell has to being paying back money he borrowed to pay for his classes. This means he is in ________.
A
debt
B
income
C
savings
6.
What do you call the amount of money a person earns by working.
A
interest
B
bank
C
income
7.
The extra money that you have to pay back when you have taken out a loan is called...
A
interest
B
invest
C
stock
8.
When you put your money into the stock market, you are choosing to _______ your money.
A
property tax
B
stock
C
invest
9.
Instead of going to the movies, Sam is saving money for a new car. Giving up the movies is her _______.
A
opportunity cost
B
property tax
C
stock
10.
After buying a new house, Ella has to pay ______.
A
property tax
B
credit
C
budget
11.
On your receipt after every purchase, a percent of your money goes towards ________.
A
income
B
sales tax
C
stock
12.
This is the name for a share in a business...
A
debt
B
budget
C
stock
13.
A percentage of money that a person pays; there are 4 types...
A
tax
B
opportunity cost
C
stock