Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
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


Personal Financial Literacy Unit vocabulary

Income Money earned during a specific period; e.g., $10 per hour or $50,000 per year.
Opportunity Cost The next-best alternative that is given up when a choice is made.
Wages Income earned from working.
Career Cluster Jobs within a similar category; e.g., artist and graphic designer, bookkeeper and accountant, chef and dietician.
Human Capital Knowledge, skills, experience, and attitude that help a person do a job better.
Productivity The amount of output per unit of input; e.g., if 5 workers can produce 25 gizmos in one day, the productivity per day is 5 gizmos per worker.
Self-assessment Examining characteristics about yourself.
Work Ethic Determination and positive habits on the job. Positive habits include reliability, punctuality, friendliness, honest, and ability to work independently or in cooperation with others.
ATM Automatic teller machine
Debit Card A plastic card that is used to deduct funds automatically and immediately from a checking account.
Deposit Adding money to a bank account.
Interest Money paid for the use of someone else's money.
Overdraft Writing a check or using a debit card for an amount that is more than the amount on deposit in a bank account.
PIN Personal Identification Number; a confidential code used to access private financial information or to make a transaction.
Service Charge The fee charged by a financial institution for certain services it provides to customers.
Withdrawal Subtracting money from a bank account.
Annual Fee The yearly charge for having a credit card.
Annual Percentage Rate (APR) The total cost of credit for one year, expressed as a percentage. The APR includes interest and other fees associated with the loan.
Credit Limit The maximum amount of credit extended to you by a bank or credit card issuer.
Finance Charge The total dollar amount you must pay for the credit you use. The charges may include interest and other fees such as a loan application fee.
Grace Period A period of time during which you are not charge interest on new purchases (if you have no outstanding balance).
Interest The price of using credit.
Interest Rate The price of using credit expressed as a percentage of the amount owed.
Late Fee A penalty, in addition to interest, that is charged if payment is received after the due date.
Minimum Payment The lowest amount you must pay toward your credit balance each month.
Collateral Property or other valuables used as a security to guarantee the repayment of a loan. The lender can claim collateral if the borrower fails to repay.
Credit Bureau A firm that collects borrowers' credit histories.
Credit Report A history of a borrower's use of credit. You should get a copy of your credit report once a year to ensure there are no mistakes.
Credit Score A score used to evaluate a borrower's credit worthiness and likelihood to repay a loan. Credit scores are based primarily on a borrower's payment history and the amount owed. (Also, how long you've had each account, types of credit used, and new credit.)
Debt-to-Income Ratio A measurement of how much of your income is being spent on debt. Financial advisors suggest that you keep debt levels below 15% of your net income; debt levels of 20% of your net income are dangerously high. This limit does not include mortgage payments.
Created by: santiano_wms1



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards