Test Android StudyStack App
Please help StudyStack get a grant! Vote here.
or...
Reset Password Free Sign Up

Free flashcards for serious fun studying. Create your own or use sets shared by other students and teachers.


incorrect cards (0)
correct cards (0)
remaining cards (0)
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the Correct box, the DOWN ARROW key to move the card to the Incorrect box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

Correct box contains:
Time elapsed:
Retries:
restart all cards



Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Money Vocab

help to remember money or currency vocab

QuestionAnswer
ATM these letters stand for Automatic Teller Machine. This Is an electronic banking station that enables people to take care of banking business 24 hours a day, 7 days a week. You can deposit and withdraw money, pay loans, etc., at most _____.
Balance In talking about loans, the _________ is the difference between the amount owed and the amount paid.
Balance In talking about checkbooks,_________ means to account for all money that came Into and went out of your account, so that at the end of the month you and your bank statement agree.
Balance In talking about savings, your _____________ Is what Is left In your savings account after you deposit or withdraw money.
Budget a plan you create for controlling spending and encouraging saving.
Charge to borrow money (from a store, service provider, or credit card company) to make a purchase. If you do not pay the debt off In full within the card Issuer's grace period (usually 25-28 days), you will pay Interest on the amount you owe.
Check Register a small booklet comes with your checkbook and gives you record sheets that so you can keep track of all the deposits, ATM withdrawals, and checks you write.
Credit a loan that enables people to buy something now and to pay for It In the future.
Credit Card a card used to borrow money to make a purchase. If the borrowed amount Is not paid In full within the grace period (approximately 25 to 28 days) Interest Is charged on the amount owed.
Credit History a record of your borrowing and paying habits. Credit reporting companies track your history and supply this Information to credit card companies, banks, and other lenders.
Credit Rating or Score this is a score or grade that credit companies assign to you based on how you handle your money and pay your bills.
Debit Card this plastic card looks like a credit card, but It Is used to withdraw money from a savings or checking account. When you use a debit card at Automatic Teller Machines or In stores to make purchases, money Is immediately withdrawn from your account.
Debt money or goods you owe.
Deposit to put money Into a bank or investment account.
Fixed Expenses expenses that stay basically the same from month to month, such as housing and transportation.
Income Tax money that wage earners pay the government to run the country. The amount of the tax depends upon how much you earn.
Interest the amount paid by a borrower to a lender for the privilege of borrowing the money.
Interest Rate the price paid for the use of someone else's money expressed as an annual percentage rate, such as 6.5%.
Investment using your money to try to make more money - for example, by depositing money In a bank or by buying a bond or stock In a company.
Loan money or an object that Is lent, usually with the understanding that the loan will be paid back, usually with interest.
Mortgage usually refers to the money borrowed from a lender to buy a house; the borrower makes payments on the loan each month until the entire loan, along with interest. Is paid in full.
Net pay the amount of your Income or paycheck after any deductions, like taxes or Insurance payments, are subtracted. This is your take-home pay.
Overdraw to take more money out of an account than Is available In the account. You write a check for $25.00, but your account contains only $20. You will have to pay the bank a penalty charge for going over the limit.
Principal this Is the amount of money you borrow In a loan. You pay this back plus interest.
Profit the money you've earned after you subtract a) any money you had to spend to make the product or perform the service. B) any taxes that had to be paid on your earnings.
Save hanging onto your money for a future use Instead of spending it. Saving Is the opposite of spending.
Savings Account a bank account that pays you interest for keeping your savings in It. Banks use your money to make loans, so they pay you interest for the use of your money. The FDIC Insures your savings up to $100,000.
Withdraw the act of taking money out of an account
Simple Interest interest earned on the principal and paid out to a depositor.
Compound Interest interest computed on the sum of the principal and previously earned interest.
Info from http://classroom.leanderisd.org/users/1317/May%20Worksheets/PFL%20List.pdf
Created by: Eman0202 on 2014-05-19



bad sites Copyright ©2001-2014  StudyStack LLC   All rights reserved.