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

Decks in this class (21)

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

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Financial Literacy

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