Financial Literacy Vocabulary

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Across
  1. 5. Money spent during a period of time to pay for goods and services
  2. 7. A a special type of loan used to buy a house
  3. 8. A piece of paper that tells a bank to pay a specific amount of money from a person's account to a specific person or business
  4. 9. A company that provides and manages monetary transactions such as deposits, loans, current exchanges and investments
  5. 12. An amount of money that is borrowed with the expectation that it will be paid back, usually with interest
  6. 15. A plastic card that allows for money to transfer from one account directly to another account
  7. 17. An estimate/plan of expected income and expenses for a future period of time
  8. 19. Actions or tasks performed by people for payment
  9. 20. Is giving a gift for charity, humanitarian aid, or to help a cause. Examples include: donating money, goods and services
  10. 22. Receives money from a lender, with an agreement to repay it in the future, usually with interest charged
Down
  1. 1. Savings, investment or spending targets you hope to achieve over a set period of time
  2. 2. An account is where you save funds that you aren't ready to use yet, often with the goal of accumulating more.It is often used to save for short or long term goals, or for an emergency
  3. 3. How interest is calculated. It is quoted as a percent of the money used, usually per year
  4. 4. A person, business or institution that lends money
  5. 6. Is a bank account that you can access your money from, write cheques, and pay bills from. This account tends to be your go-to, daily transaction bank account
  6. 10. Money received during a period of time from wages, interests and other sources
  7. 11. A tax credit reduces the amount of tax you pay on your income at the end of the year
  8. 13. The amount a financial institution charges a customer to borrow money (e.g., via a bank loan) or pays a customer to keep money in an account
  9. 14. It allows a consumer to purchase goods or services on credit
  10. 16. Physical money
  11. 18. Products that can be purchased
  12. 21. The amount of money borrowed from one party to another