Paychecks
Amount of money earned by a person after deductions are considered
What is Net Income?
Type of goal that can be reached in 2-3 months.
What are Short-Term goals?
A percentage borrowed from the bank
What are interest rates?
Rated positively for having various types of credit.
What is Diversity of Accounts?
T/F - financial literacy rate has decreased each generation
What is True?
Any amount subtracted from someone‘s gross income
What are deductions
Financial institutions accepting deposits.
What are banks?
Money paid regularly at a particular rate for the use of money lent
What is Interest?
A card that insures a person will an amount later to the bank.
What is a Credit Card?
T/F - 50% of Gen Z are financially literate
What is False?
Total amount of money earned by a person before deductions
What is Gross Income
Contract in the form of a policy where the policyholder receives protection or reimbursement by a company from financial loss.
What is Insurance?
Interest earned based on first deposit
What is Principle?
A number that estimates how likely you are to repay debt: between 300 and 800.
What is Credit Score?
T/F - 15% of adults have lost over $10,000 because they lacked financial literacy
What is True?
Time interval when employee it paid and hours are tracked
What is pay period?
Expenses that are relatively constant each month.
What are fixed expenses?
Interest earned only on Principle.
What is simple interest?
Determines how much money can be charged with a credit card
What is Credit Limit?
29% of Americans stress daily about…
What is Money?
Employee’s total earnings since first day of current calendar
What is Year to Date?
Where total revenue is equal to total planned spending
What is Balanced Budget?
Interest earned on: banks, credit unions, certain investments
What are Annuinities?
Whether or not payments for loans are paid regularly.
What is Payment History?
This number of states require financial literacy to be taught in High School.
What is 26?