Financial Literacy - Chapters 1-3

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Across
  1. 4. a record that summarizes all of the income and outgo over a certain time period
  2. 5. the initial amount of money invested or borrowed
  3. 7. the amount by which the value of a person's assets exceeds or falls behind the value of their liabilities
  4. 9. the granting of a loan and the creation of debt; any form of deferred payment
  5. 14. the cost of good or services
  6. 15. all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
  7. 16. anything you own that has value
  8. 19. the amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
  9. 21. the amount of money you receive from your employer before taxes and other payroll deductions
  10. 22. earnings based on a percentage of the sales made
Down
  1. 1. growth, the average rate of growth for an investment over time; often expressed as an annual figure
  2. 2. a written plan for giving, saving, and spending
  3. 3. the type of expense that occurs at various times throughtout the year and tends to be in large, lump sums
  4. 6. the type of expense in which the amount may vary from month to month
  5. 8. money earned that comes in at different amounts or at different times, or both
  6. 10. a savings account set up specifically to be used to cover financial emergencies
  7. 11. a fee that is charged for using borrowed money for a purchase
  8. 12. the type of budget in which one's income minus all expenses equals zero
  9. 13. the percentage of principal charged by the lender for the use of its money
  10. 17. value of money, concept that an amount of money is worth more today than in the future due to earning potential
  11. 18. financial debts or obligations
  12. 20. a person or organization that uses a product or service