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Vocabulary Words used in http://vault.everfi.net

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Word
Answer
Assets   What a person ows of value,such as jewlery,savings,art,a home, and a car.  
Bank   A place where people put their money for safekeeping,and for ease of use  
Brokerage Firm   Helps people invest their money  
Career   Something you build by going to school and working jobs related to the career you want.  
Certificate of deposit   a savings certificate that gains interest and has a set time before you can withdraw money  
Charity   giving resouces or vlunteering time to help those in need  
Comparison Shopping   finding about wheather or not what you are about to buy can be found for a better price or in better shape at a different store  
Controlling Risks   stuff you do to make risks less dangerous at all  
Credit   a loan a person uses to pay things off,but expected to pay back  
credit Union   Just like a bank,but only members use it.  
Decision Making   considering different information to make a choice  
Entrepreneur   A person who starts her or her own business  
Expense   A cost of things that people spend money on  
Financial Advisor   QA person who is an expert at handling money and can give you information and adivice about saving and investing  
Finacail Instutution   a place, like a bank, that helps its members manage their money  
finacal Literacy   The knowlage and sills to manage money  
Health insurence   Helps people pay rfor medicine and doctors when their sick or hurt  
Impulse buying   buyingstuff about not thinking about wheather or not you need it  
Income   money earned from working and other means  
Income tax   annual tax placed on th money of employees make at jobs and collected by the federal government, most states, and some local government  
inflation   the price of goods and se4rvices over time  
Interset   The extra fee charged to borrowing money, or the cost of borrowing money  
Investing   when you purchase a sercuritey like a stock or a bond,in the hopes that over time you will make money  
Job   work you do for money  
long-Term Goal   A goal that can be achived over a longer amount of time. It can be months, years,or even an entire lifetime  
Need   Something you can truly live without  
Oppertunity Cost   The cost we paywhen we give up something to get something else  
Payment method   What you use to pay for something, like cash or a check  
peer Presure   doing srtuff your friends are doing it, because your friends told you to.  
Privacy   Keeping important information to yourself or between yourself or close family members.  
Reliability   being trustworthy; being responsible  
Risk   An activity or action that might be dangerous  
Risk Prevension   Stuff you do to stop consequences of risks from happening  
Salary   payment for work, represented as a yearly sum and paid in portions every week, two weeks, or a month ikncluding sicktime and vacation time  
Sales tax   a fee added to the sticker price of an item that is paid to the state or city  
Savings   Money set aside for long-term or short-term goals  
Short-Term goals   a goal that can be achived in a short amount of time. It can be in days, weeks, or months  
Spend   to use money to buy stuff  
Savings Account   an account that gains interest and allows withdraws  
Taxes   fees placed on income, purchases, or property to support gorvernment programs  
Wage   payment for work, usually calculated on an hourly,daily, or piecework basis and paid on schedule-usually every week, two weeks, or month  
Want   Something that you would like to have but will be okay without  


   






 
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Created by: Emma-Howard