Financial Literacy: Getting Started
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Charitable Donation | generous gift of money or time to a person or organization
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Fixed Income | same amount of money earned on a set interval basis, such as monthly or
quarterly
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Variable Income | amount of money earned is not the same each pay period
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Fixed Expense | bill, such as monthly rent, which is the same each month
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Variable Expense | bill, such as a utility bill, which is a different amount each month
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Discretionary Expense | money without a specific purpose left over each month after all bills have
been paid
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Take-home Pay | amount of a paycheck one gets to keep after taxes and other deductions are
taken out
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Direct Mail | mail, usually consisting of advertising material and requests for donations, sent
to a large number of possible customers or contributors at one time
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Identity Theft | stealing of a person’s financial information, such as credit cards and
Social Security number, with the intent to make purchases under the person’s
identity
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Scam | phony business deal created to get money from people with intention of
giving anything in return
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Solicitations | requests for money, services, donations, etc.
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Compulsive Behavior | strong, usually irresistible impulse to perform an act against a person’s
usual behavior
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Impulse | sudden, involuntary inclination prompting one to take an action which is not
well thought-out
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Billing Cycle | schedule of recurrent times in any regular system of preparing or sending bills
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For-profit | (business or institution) initiated or operated for the purpose of making a profit
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Nonprofit | not established for the purpose of making a profit
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ATM Withdrawals | cash withdrawn by using a debit card and entering a PIN in an ATM
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Checkbook Register | log of deposits and withdrawals from a checking account
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Closing Balance | balance of an account on the day the bank runs the bank statement
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Deposit | Deposit money put into an account
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EFT | acronym for electronic fund transfer; money transferred from one account to
another without a person having to manually write a check or make a deposit
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Itemization | specific listing of individual pieces or units of information
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Opening Balance |
(of a statement) balance of an account on a current month’s statement; used
as the ending or closing balance in the previous month’s statement
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Withdrawals | moving money from an account, whether paying expenses, making transfers to
other accounts, getting money from an ATM or making purchases
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Reconciliation | balance bookkeeping account information to be consistent with the bank’s
bookkeeping of the same account information
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Convenience | anything which saves or simplifies work, adds to one’s ease or comfort, etc.
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Encryption | conversion of a message, information, etc., into code
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Firewall | integrated collection of security measures designed to prevent unauthorized
electronic access to a networked computer system
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PIN | acronym for personal identification number; number chosen by an account
holder which gains access to various accounts
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Technological-based Services | services which are delivered via a form of technology such as the Internet
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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