FUTURE SMART VOCABULARY

Question 1

associate degree

Answer 1

a two year degree that is training for a specific career or skill

Question 2

bachelor degree

Answer 2

four years of full time study;bachelor of science or bachelor degree

Question 3

doctoral degree

Answer 3

the type of degree that takes two or three years after bachelor degree

Question 4

masters degree

Answer 4

a type of degree that is highly specialized in regards to a specific profession and typically takes three to five years

Question 5

saving account

Answer 5

a type of bank account in which interest is not applied to the principal, but offers a safe place to store your money

Question 6

checking account

Answer 6

a type of saving vehicle in which interest is earned on the deposit amount

Question 7

budget

Answer 7

a payment type that does not automatically draws money from your checking account.

Question 8

credit card

Answer 8

a payment type that allows to make purchases using money from your checking account

Question 9

deposit

Answer 9

when money is added into your bank account

Question 10

debit card

Answer 10

the money your spending, that includes when you buy food

Question 11

revenue

Answer 11

a plan for spending or saving money

Question 12

variable expenses

Answer 12

an expense that occurs regularly

Question 13

income

Answer 13

spending that is based on your purchase decisions you made

Question 14

salary

Answer 14

the money you earn like money from your birthday

Question 15

expenses

Answer 15

positive earnings

Question 16

profit

Answer 16

the amount of money a business makes

Question 17

fixed expenses

Answer 17

a fixed payment

Question 18

wage

Answer 18

amount paid based on a certain time period