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Financial Literacy

This class was created by Brainscape user Lucia Franta. Visit their profile to learn more about the creator.

By: Lucia Franta
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Decks in this class (23)

1.1 Vocab
All the financial decisions an in...,
A person or organization that use...,
Money owed to another person or c...
8  cards
1.2 Vocab
Credit,
The granting of a loan and the cr...,
Interest rate
8  cards
1.4 Vocab
Financial plan,
A plan of action that allows a pe...,
Net worth
16  cards
1.5 Vocab
Financial literacy,
The knowledge and skill base nece...
2  cards
2.1 Vocab
Budget,
A written plan for giving saving ...
2  cards
2.2 Vocab
Income,
Money received for work as a gift...,
Fixed expense
10  cards
2.3 Vocab
Zero based budget,
A cash flow plan that assigns an ...,
Net income
6  cards
2.4 Vocab
Cash flow statement,
A record that summarizes all of t...
2  cards
2.5 Vocab
Irregular income,
Income that comes in at different...,
Commission
4  cards
3.2 Vocab
Emergency fund,
A savings account set up specific...,
Large purchase
4  cards
3.3 Vocab
Interest rate,
The percentage of principal charg...,
Accrued interest
4  cards
3.5 Vocab
Compound growth,
Compound growth
2  cards
3.6 Vocab
Compound interest,
Interest paid on interest previou...,
Principal
10  cards
4.1 Vocab
Debt,
Money owed to another person or c...
2  cards
4.2 Vocab
Revolving credit,
Credit that automatically renews ...,
Collateral
18  cards
4.3 Vocab
Credit score,
A statistical number used to repr...,
Credit bureau
4  cards
4.5 Vocab
Principal,
The original amount of a loan the...,
Interest
10  cards
5.1 Vocab
Amygdala,
The part of your brain that helps...,
Prefrontal cortex
6  cards
5.2 Vocab
Impulse buying,
Buying anything without planning ...,
Buyer s remorse
6  cards
5.3 Vocab
Marketing,
The process of communicating the ...,
Brand recognition
4  cards
5.4 Vocab
Manufacturer s warranty,
A promise from the manufacturer t...,
Extended warranty
6  cards
5.5 Vocab
Card fraud,
The unauthorized use of your debi...,
Identity theft
4  cards
5.6 Vocab
Contentment,
The state of being satisfied with...
2  cards

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Financial Literacy

  • Class purpose General learning

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