Financial Literacy

3. Something you owe, like debt.
7. Money saved for unexpected expenses.
8. A person who buys things.
9. A number showing how good you are at repaying debt.
11. Not paying a debt on time.Diversification – Spreading investments to reduce risk.
13. The value of what you give up when making a choice.
14. Tax on the money you earn.
17. A contract to rent something, like a car or apartment.
19. Your total assets minus your total debts.
21. Stealing personal information to commit fraud.

1. Protection against financial loss.Interest – The cost of borrowing money or the earnings from saving/investing.
2. A plan for spending and saving money.
3. How easily an asset can be turned into cash.
4. Using money to buy assets that may grow in value.
5. Rising prices over time.
6. A loan to buy a home.
10. Money you earn or receive.
12. Deception for financial gain.
15. A record of your borrowing history.
16. Something you own that has value.
18. A legal way to get relief from debts you can’t pay.
20. Money you owe.