Finacial Literacy

4. Gross pay is how much money an employee earned before any taxes and the likes are deducted. Net pay is how much money an employee takes home after everything is deducted.
6. This is a type of loan that is given by a bank. This loan just has a line of revolving credit that can be accessed through your card.
8. How you spend money depending on your income and the expenses you have.
11. management how you handle all of your money.
12. This shows an employee what their paycheck is after all of the taxes, insurance costs, etc..
13. This is a card you use to access your money directly from your banking account, no loans or anything like that.
14. This is when a company or government provides a guarantee of compensation for specified loss, damage, illness, injury or death in return for payment of a premium.

1. This is any lending that imposes unfair and abusive loan terms such as high fees, high-interest rates, and terms that strip the borrower of equity.
2. This is when you get money given to you in exchange for you paying the loan back plus interest.
3. This is what the government takes out of your paycheck to finance government activities.
5. (Checking/Savings)This is an account that you put money in that you don’t spend to save up money for when you really need it.
7. This is in an insurance policy, it's the amount of money the insured must pay before an insurance company will lay claim.
9. This compares how much you owe to different rent, mortgages, credit and other debts to how much you earn.
10. This is when you get something with the hopes of generating income or appreciation, an increase in the value of an asset over time.