click below
click below
Normal Size Small Size show me how
EVERFI VOCABULARY
EVERFI VOCAB EXAM REVIEW
Question | Answer |
---|---|
bank | a place where people put their money for safekeeping, and for ease of use |
budget | a spending plan people make in order to make sure there is enough income to cover all expenses |
career | something you obtain by going to school and working jobs related to the work you want to do |
charity | giving resources or volunteering time to help those in need |
credit | a loan that a person uses to pay for things, but is expected to pay back |
decision-making | considering different information to make a choice |
entrepreneur | a person who starts his or her own business |
goods | things that are made to be sold |
health insurance | helps people pay for medicine and doctors when they are sick or hurt |
inflation | the price of goods and services rises over time |
job | work you do for money |
long-term goal | a goal that can be achieved in a longer amount of time; it can take months, years, or even an entire lifetime |
need | something you truly can-not live without |
opportunity cost | the cost we pay when we give up something to get something else |
peer pressure | doing stuff just because your friends are doing it, or because your friends told you to, because you want your friends to like you and think you are cool |
privacy | keeping important information to yourself or between yourself and close family members |
risk | an activity or action that might be dangerous |
savings | money set aside for short- or long-term goal |
short-term goal | a goal that can be achieved in a short amount of time; it may take a few days, weeks, or months |
spend | to use money to buy stuff |
taxes | fees placed on income, purchases, or property to support government programs |
want | something you would like to have but will be okay without |
income | money earned from working and other means |