Financial Literacy test
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Last updated 12:51 AM on 4/15/25
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15 Terms
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1 - what is income?
money you get (paycheck, allowance)
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1 - what is a budget?
a plan for how you spend your money over a period of time
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1 - What are expenses?
things you spend money on
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2 - what is credit?
legal agreement to receive cash/goods now and pay for them later
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2 - what is a credit card?
card that you can use and pay back later
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2 - what is a debit card?
card that pulls from your own money
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what is a Fake sales trick
misleading "Buy One, Get One 50% Off" deals, and bulk pricing schemes push you to spend more.
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Note 
Flashcards (23)