Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
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. Your email address is only used to allow you to reset your password. See 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.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Stack #4580052

QuestionAnswer
unit-of-measure function of money Money provides a standard for valuing goods and services.
store-of-value function of money Money maintains value over time for future use.
review account statements To detect errors or fraud.
treasury notes Medium-term government debt that earns interest.
medium-of-exchange function Money is used to buy and sell goods and services.
time value of money It can earn interest or be invested.
purpose of credit To purchase goods/services now and pay later.
Savings It prepares for emergencies and future goals.
invest money To earn higher returns and build wealth.
SMART Specific, Measurable, Attainable, Relevant, Time-bound.
budget A plan for managing income and expenses.
fixed expense A cost that stays the same each month.
net worth Assets minus liabilities.
flexible budgets Financial needs and expenses change over time.
credit union A member-owned financial cooperative.
cash Physical currency such as coins and bills.
Credit Borrowed money repaid later, usually with interest.
debit A payment taken directly from a checking account.
electronic funds transfer (EFT) Digital transfer of money (direct deposit, online payments).
check A written order instructing a bank to pay money.
banknotes Paper money issued by a central bank.
government bonds Long-term government-issued debt securities.
digital currency Electronic money used for transactions.
wage Hourly pay for work done.
salary Fixed payment received regularly.
commission Pay based on sales performance.
dividends A portion of company profits paid to shareholders.
legal responsibility when using credit Making payments on time.
investment firm A company that helps people invest money.
Fees Charges imposed by a bank for services.
Interest rates The percentage charged on borrowed money.
Services Various offerings provided by a bank.
Convenience Ease of access to banking services.
Security Measures taken to protect financial information.
Stock Ownership in a company.
Bond A loan made to a company or government.
Diversification Spreading investments to reduce risk.
Liquidity How quickly an asset can be turned into cash.
Tax liability The amount of tax owed to the government.
Gross pay Pay before deductions.
Net pay Take-home pay after deductions.
Payee The person or business receiving the payment.
Financial records Documents used to track spending and avoid errors.
Balancing your account Ensuring your records match the bank's.
Charitable giving Donating to support a cause or organization.
Two-factor authentication A security feature requiring two forms of identification.
APR Annual Percentage Rate.
Wise credit use Making all payments on time.
Credit report A record of borrowing and payment history.
Responsible financial decision A choice that supports long-term financial stability.
Identity theft The theft of personal information for fraudulent use.
Paying bills on time To avoid fees and protect credit scores.
Loan approval factors Credit score, income, and debt levels.
Debt snowball method Paying off small debts first to build momentum.
W-2 form A statement of yearly wages and taxes withheld.
FAFSA Free Application for Federal Student Aid.
401(k) An employer-sponsored retirement savings plan.
Will To state how a person's assets should be distributed after death.
Insurance A financial product that protects against financial loss.
Insurance needs factors Health, income, family, property, and risk level.
Created by: user-2006708
 

 



Voices

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:
Retries:
restart all cards