Civics Final Exam Review

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Across
  1. 3. The money you earn from various sources.
  2. 5. The ability to borrow money or access goods or services with the understanding that you will repay them later.
  3. 8. The additional amount of money charged by a lender for borrowing their money.
  4. 11. Account A bank account that allows you to deposit and withdraw money, write checks, and use a debit card for transactions.
  5. 12. Assets or items purchased with the expectation of generating income or increasing in value over time.
  6. 16. Expenses Expenses that can change from month to month, such as groceries or entertainment.
  7. 18. Expenses Regular expenses that stay the same each month, such as rent or mortgage payments.
  8. 19. A plan that helps you manage your income and expenses, ensuring that you allocate your money wisely.
  9. 21. Income The amount of money you take home after deductions such as taxes or contributions to retirement plans.
  10. 22. The money you spend on goods and services.
Down
  1. 1. Money borrowed from a lender that must be repaid with interest over time.
  2. 2. Association An organization that sets and enforces rules for a neighborhood or community, often requiring residents to pay fees for maintenance and services.
  3. 4. A contract that provides financial protection against certain risks, such as accidents, illnesses, or property damage.
  4. 6. Money that you owe to someone else, usually borrowed with the expectation of repayment.
  5. 7. Advisor A professional who provides guidance and advice on financial matters.
  6. 9. Mandatory payments imposed by the government to fund public services and programs
  7. 10. Income The total amount of money you earn before any deductions or taxes are taken out.
  8. 13. Account A bank account that helps you save money by earning interest on the balance.
  9. 14. Income Income that fluctuates, such as tips or commissions.
  10. 15. Income A consistent amount of money you receive regularly, such as a salary or allowance.
  11. 17. A loan used to finance the purchase of a home, with the property serving as collateral.
  12. 19. Plan A document that outlines the goals, strategies, and financial projections for a business venture.
  13. 20. The original amount of money borrowed or invested, excluding any interest.