dummy Flashcards

money management

1
Q

takes 3 to 5 years after completing bachelors you get a

A

doctoral degree

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2
Q

about 2 years after getting a bachelors degree you get a

A

masters degree

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3
Q

type of degree that takes 4 years of full time studying is a

A

bachelors degree

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4
Q

takes 2 years of study after highschool

A

associates degree

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5
Q

type of bank account that lets you withdraw from ATM using a debit card

A

checking account

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6
Q

type of savings vehicle

A

savings account

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7
Q

if you don’t pay full amount on time you will have interest (payment type)

A

credit card

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8
Q

payment type using money from your checking account

A

debit card

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9
Q

when money is added into the bank account

A

deposit

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10
Q

money your spending

A

expenses

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11
Q

plan for money your spending

A

the budget

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12
Q

expense that occurs regularly

A

fixed expenses

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13
Q

spending based on your decisions

A

variable expenses

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14
Q

money that’s coming into you

A

income

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15
Q

positive earnings

A

profit

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16
Q

money a business makes

A

revenue

17
Q

fixed payment (paid on weekly)

A

salary

18
Q

paid the amount of hours you work

A

wage