1
A rise in the general level of prices.
Inflation
The use of knowledge and skills for earning, saving, spending, and investing money to achieve personal, family, and community goals.
Financial Literacy
The process of making and using contacts to obtain and update career information.
Networking
A letter that accompanies a résumé to express interest in a job and obtain an interview.
Cover Letter
What is the chemical symbol for water?
H2O
Money received for personal effort, such as wages, salary, commission, fees, tips, or bonuses.
Earned Income
Cash and other tangible property with a monetary value.
Assets
A summary of a person’s education, training, experience, and other qualifications.
Resume
When a person gives up by making a choice.
Opportunity Cost
What kind of fish is Nemo in the movie, Finding Nemo?
Clownfish
Amounts owed to others.
Liabilities
Earnings after deductions for taxes and other items, also called disposable income or net pay.
Take-home pay
A user-owned, nonprofit, cooperative financial institution that is organized for the benefit of its members.
Credit Union
A commitment to a profession requiring continued training with a path for professional growth.
Career
What animal is the largest mammal in the world?
A legal agreement that provides for the management and control of assets by one party for the benefit of another.
Trust
A tax imposed on specific goods and services, such as gasoline, cigarettes, alcoholic beverages, tires, and air travel.
Excise Tax
The study of how wealth is created and distributed.
Economics
Income resulting from business activities in which you do not actively participate.
Passive income
What is Spider-Man's real name?
Peter Parker
The percentage rate of expressing the total amount of interest that would be received on a $100 deposit based on the annual rate and frequency of compounding for a 365 day period.
Annual percentage yield
The difference between the amount budgeted and the actual amount received or spent.
Budget variance
Gross income reduced by certain adjustments such as contributions to an individual retirement account and alimony payments.
Adjusted gross income
The percentage of increase in the value of savings as a result of interest earned, also called yield.
Rate of return
Who was the first Disney princess?
Snow White