Financial Literacy

Front

What is a type of savings that signifies ownership in a corporation?

Back

Stock

Front

What is the term for money earned or received?

Back

Income

Front

If you earn $65,000 per year, what income tax bracket will you be in?

Back

22%

Front

What is the percentage at which interest is charged or paid?

Back

Interest rate

Front

What type of expenses are rent and car payments?

Back

Fixed expense

Front

What is the term for the amount of money you owe?

Back

Debt

Front

What is a budget?

Back

A plan for managing income and expenses.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant, while variable expenses can change.

Front

What is a dividend?

Back

A payment made by a corporation to its shareholders.

Front

What is the purpose of an emergency fund?

Back

To cover unexpected expenses.