Financial Literacy Quiz

______ is an amount of money spent to buy goods and services for yourself or business

• Debt

• expense

• overdraft

• needs

____ is something owed to another-- an obligation to pay

• debt

• income

• money

• goal

something you identify and work on to achieve

• needs

• goal

• wants

• money

A safe place that holds your money for when you need it

• bank

• budget

• deposit

• checkbook

Things necessary to live

• wants

• goals

• needs

• money

Money earned through employment and investments

• debt

• budget

• income

• expense

Pretty much everything you need, want or do requires what

• needs

• time

• budget

• money

Is a spending plan for managing money during a given period of time

• fixed expense

• debt

• expense

• budget

Occurs when you spend more money than you actually have

• goal

• withdrawal

• overdraft

• income

Things you would like to have are called

• expenses

• needs

• budgets

• wants