financial literacy Flashcards

1
Q

the money that a person a region, a country,etc.earns from work,investing money,from business,etc

A

income

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2
Q

the lowest that an employer is allowed to pay by law

A

minimum wage

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3
Q

money that employers receive for doing there job

A

salary

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4
Q

the money that is available to a person or an organisation and a plan of how it will be spent over a period of time

A

budget

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5
Q

the ability to use knowledge and skills to manage ones financial resources effectively for life time of financial well-being

A

financial literacy

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6
Q

the series of jobs that a person has in particular area of work

A

career

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7
Q

a place where students can study for a basic degree after they have finished high school

A

college

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8
Q

an institution at the highest level of education where you can study for a basic or advance degree

A

university

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9
Q

a school that teaches skills that are necessary for particular jobs

A

vocational school

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10
Q

to buy property,shares in a company,etc

A

invest

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11
Q

work for which you receive a regular payment

A

job

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12
Q

the state of not having a job

A

unemployment

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13
Q

a continual increase in the price of goods and services

A

inflation

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14
Q

the extent to which income is distributed an uneven manner among a population

A

income inequality

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15
Q

to be in a condition or situation in which you must have something

A

needs

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16
Q

to desire or wish for something

A

wants

17
Q

whatever you have to give up when a choice is made

A

opportunity cost

18
Q

an amount of money that a government requires people to pay according to their income the value of there property etc and that is used to pay for the things done by the government

A

taxes

19
Q

an amount of the money you are paid for a job that is large enough to provide u with the basic things

A

living wage

20
Q

to send away some companies work to be done by people outside the company

A

outsourching

21
Q

having a job but the job doesn’t pay enough to live on

A

underemployment

22
Q

making enough money to live on your own and not be dependent

A

financial independent

23
Q

making enough money to live comfortably and safety

A

financial security

24
Q

if u make less than this amount per year you receive federal financial assistance

A

poverty line

25
Q

robots taking over humans jobs

A

automation

26
Q

the economic value of humans skills knowledge education health loyalty motivation and other human elements

A

human capital