Financial Literacy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| budget | show 🗑
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| show | a commitment to work in a field that you find interesting and fulfilling
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| deductions | show 🗑
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| show | the cost of goods and services including fixed and variable expenses
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| show | expenses that remain the same (like rent, car insurance, car payment)
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| goal | show 🗑
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| show | putting down in writing what things you want to accomplish
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| income | show 🗑
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| show | a federally funded health insurance program available mainly to people over 65 and to people with certain disabilities
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| show | the income you receive (take home pay)
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| variable expenses | show 🗑
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| benefits received | show 🗑
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| show | a set of principles or beliefs that govern an individual's actions
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| morals | show 🗑
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| progressive tax | show 🗑
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| show | an account someone has with a bank or credit union into which they deposit money and which they can use checks with.
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| show | a nonprofit financial institution that is owned by its members and organized for their benefit
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| show | a plastic card that provides access to electronic funds transfer from an ATM or point of sale terminal
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| mortgage company | show 🗑
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| show | a written order directing a bank or credit union to pay a person or business a specific sum of money
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| opportunity cost | show 🗑
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| principal | show 🗑
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| Rate of Return | show 🗑
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| show | the length in time in years it takes an amount of money saved to double when it receives compound interest. Interest Rate/72
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| saving | show 🗑
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| show | a financial institution deposit account that pays interest and allows withdrawals
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| show | interest calculated periodically on the loan principal or investment principal only not on previously earned interest
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| 4O1K | show 🗑
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| annuity | show 🗑
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| fraud risk | show 🗑
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| Individual Retirement Account (I.R.A.) | show 🗑
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| show | a federal system of old age, survivors, disability and hospital care (medicare) insurance which requires employers to withhold or transfer wages from employees paychecks and deposit that money in designated accounts.
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| closing costs | show 🗑
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| landlord | show 🗑
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| show | a written contract specifying the terms for the use of an asset and the legal responsibilities of both parties to the agreement, such as a property owner and a tenant.
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| show | a loan to finance the purchase of real estate, usually with specified payment periods and interest rates.
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| tenant | show 🗑
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| show | an agreement to provide goods, services, or money in exchange for future payments with interest by a specific date or according to a specific schedule.
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| show | an establishment that collects and distributes credit history information of individuals and businesses
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| show | a measure of creditworthiness based on an analysis of the consumer's financial history often computed as a numerical score using the FICO or other scoring system
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| show | a payment for using someone else's money and is stated as a percentage.
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| interest rate | show 🗑
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| show | the percentage of your medical costs that you will need to pay after meeting your deductible.
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| show | the amount you have to pay each time you visit a health care provider.
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| show | the dollar amount or percentage of a loss that is not insured, as specified in an insurance policy.
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| show | discounts given to students and/or their parents on their automobile insurance premiums for having good grades.
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| show | the fee that is paid for insurance protection
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| show | a measure of the uncertainty of an investment's rate of return; possible losses involving income or standard of living; the possibility of loss from harm to people or property covered by insurance.
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| show | taking risks with personal finances or personal assets
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| show | the chance or likelihood that something will happen.
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| bankruptcy | show 🗑
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| Consumer Credit Counseling | show 🗑
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| show | a person or company to whom money is owed.
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| show | the act of giving to charitable organizations or to those in need.
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| show | an expense that a taxpayer can subtract from taxable income. Ex: deductions for mortgage interest and deductions for gifts to charity.
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| balance | show 🗑
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| show | a plastic card that authorizes the delivery of goods and services in exchange for future payment with interest, according to a specific schedule.
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| show | the period of time after which a payment becomes due on a credit card.
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| show | when people go through your trash looking for bills or other paper with your personal financial information on it.
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| show | someone who knowingly deceives you for their own personal gain.
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| hacking | show 🗑
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| identity theft | show 🗑
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| show | people who pretend to be banks,the IRS, or some other organization and send you an email, letter or phone call asking for your personal information
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
weakstick
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