Urbana-ChoosetoSave Word Scramble
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| Question | Answer |
| Assets | Everything an individual or household owns with monetary values |
| compound interest | earning interest on interest |
| Depository institution | a business that offers banking & financial services |
| Goal | the end result of somthing a person intends to acquire, achieve, do reach or accomplish |
| Interest | the price of money |
| Interest rate | the percentage rate paid on money invested or saved |
| investing | the purchase of assets with the goal of increasing future income |
| level of living | the amount of money needed to pay for the necessities and comforts currently enjoyed |
| liabilities | Debts or what is owed to others |
| liquidity | how quickly and easily an asset can be converted to cash |
| net income | the amount of an individual's take home pay after taxes and deductions |
| net worth | Amount of money left when liabilities are subtracted from assets |
| net worth statement | Describes an individual or family's financial condition on a specified date |
Created by:
sfleece
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