Personal Finance Vocab

Quiz
•
Business
•
10th Grade
•
Easy

Anonymous Anonymous
Used 4+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a reduction to the amount of taxable income you made in a year
deduction
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a request you submit to your insurance provider to pay for covered expenses
DTI
claim
insurance
income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a document detailing the type and amount of coverage that your insurance offers
claim
Roth IRA
policy
Debt
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an amount paid before a large purchase that reduces the loan amount and proves your intention and ability to repay the loan
mortgage
lease
down payment
income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
anything that you spend money on, whether it's a necessity or a luxury
Debt to Income
expense
principal
lease
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a contract to use someone else’s property for a specified rate and length of time
lease
traditional IRA
principal
debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of money you make each month compared to how much debt you have to pay
net worth
expense
debt to income (DTI)
liquidity
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