Final Review Flashcards
1
Q
Income
A
Money you earn on a regular basis from a job
2
Q
Expenditure
A
The action of spending funds
3
Q
Financial Literacy
A
How money is earned, managed, and works
4
Q
Household Income
A
The combined income of all people above 15
5
Q
Low Income
A
Annual income of $16,000 - $35,000
6
Q
Middle Class
A
Annual income of $35,000 - $200,000
7
Q
Lower Middle Class
A
8
Q
Upper Class
A
9
Q
Median
A
10
Q
Wealth
A
11
Q
Checking Account
A
12
Q
Savings Account
A
13
Q
Debit Card
A
14
Q
Minimum Balance
A
15
Q
Certificate of Deposit
A
