Financial Literacy Review

2. Money received from work, investments, or other sources.
4. The person or entity who receives the financial benefit from an insurance policy, such as life insurance.
7. Money borrowed that must be repaid, usually with interest.
9. _____Bias -Seeking information that supports your existing beliefs or decisions about money.
10. Card is a card that allows you to borrow money up to a limit to make purchases, to be repaid later.
12. The amount you must pay out of pocket before insurance begins to cover costs.
14. The amount paid (monthly or annually) for an insurance policy.
15. A share of ownership in a company.
17. ______Account is a bank account that earns interest on deposited money.

1. Card is a card that deducts money directly from a checking account when making purchases.
3. ______Fund is reserved for unexpected expenses.
5. The cost of borrowing money, or the earnings from lending or saving it.
6. ______Bias - Relying too heavily on the first piece of information encountered (like a sale price).
8. ______Income is the amount of money left after taxes and deductions (take-home pay).
11. Money spent on goods and services.
13. A loan made to a company or government that pays back with interest.
16. ______Return is a form filed to report income and determine taxes owed or refunded.