Financial Literacy 1
When money is owed to another person.
What is debt?
The money a person makes from their job.
What is income?
When you take money out of your bank account.
What is a withdrawal?
The amount of money you get to keep after expenses.
What is saving?
Money a person must pay when they buy something. This money goes to the government.
What is taxes?
When you put money into your bank account.
What is a deposit?
The ability to borrow money. Takes place between a borrower and a lender.
What is credit?
A method of payment using coins and bills.
What is cash?
A method payment that comes from an ATM.
What is a debit card?
A person who gives another person money and expects to get it back later.
What is a lender?
Something you set for yourself with income and expenses-to see how much money you have left.
What is a budget?
What does ATM stand for?
Automated Teller Machine
A person who is taking money from another person and is planning to give it back later.
What is a borrower?
When you make money, or the money that is coming in to your pocket.
What is income?
What does EMT stand for?
What is electronic money transfer?