Financial Literacy Flashcard

Front

What is the term for money or something else that is borrowed and should be paid back?

Back

Debt

Front

Which adjective relates to the management and use of money?

Back

Financial

Front

What is the extra money paid for borrowing money called?

Back

Interest

Front

What is an agreement that allows you to buy something and pay for it later?

Back

Credit

Front

Term for the remaining amount of money that is still owed.

Back

Balance

Front

What is the term for money that a person earns from a job or other source?

Back

Income

Front

What is the term for the amount of money charged for a service?

Back

Fee

Front

What adjective describes a situation where there is not enough money to pay what is owed?

Back

Bankrupt

Front

Which word is a noun that refers to money that is borrowed?

Back

Debt

Front

Which word is a noun that refers to the extra money paid for borrowing?

Back

Interest