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Vocabulary for Understanding Money Test

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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Term
Definition
Bonds   show
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Borrow   show
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Budget   show
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Career   show
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Cash   show
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show A savings certificate that gains interest and has a set time before you can withdraw your money (if you take your money out early, you will likely be charged a fee.)  
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Charity   show
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Comparison Shopping   show
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show Money that a financial institution pays you to borrow your money. It is calculated by multiplying the percentage rate times your balance (or total amount in your account) plus any interest you have already earned  
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show When you borrow money and promise to pay it back later  
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Credit History   show
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Debt   show
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show Something you want to achieve. When you have a goal, then you can plan steps to achieve it. There are short-term, medium-term, and long-term goals that all take different amounts of time to achieve.  
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Gross Income   show
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show Helps pay for emergencies. You pay a little money at set times. Then, if you have an emergency, insurance will help pay for it! You can get insurance for your home, your health, your car, and more!  
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Interest (on an account)   show
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show The topics or types of things that you enjoy learning about or spending your time doing  
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show Savings options, like stocks or bonds, that can make your money grow faster than a savings account. But you might not be able to take out your money anytime you want. And with some investments, you could also lose money  
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Job   show
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show Not having enough money to buy everything that you want  
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Need   show
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show The amount you take home after paying taxes and anything else that gets taken out of your pay  
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Opportunity Cost   show
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Overtime   show
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show It Is Payday And Cece Just Received Her Paycheck. What Should She Do With The Money?  
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Prioritizing   show
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Reliable   show
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show An activity or action that might be dangerous  
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show Payment for a year’s worth of work that is divided into equal portions that are paid to you with each paycheck  
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Savings Account   show
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Simple Interest   show
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show Things that you are able to do like for a job or a hobby  
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show Using money to buy stuf  
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Stocks   show
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show Money that goes to the government to pay for things like schools, road repairs, and police and fire services.  
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Track your Spending   show
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Wage   show
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Wants   show
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Created by: amadden04
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