Financial Literacy

5. knowledge and skills to manage money (2 words)
8. total amount of money a worker earns before taxes and other deductions are withheld (2 words)
10. increase in value
11. when products are in stock and able to be purchased easily; many times this allows price to be lower
12. negative balance in checking account; many times extra fee is added at this point
14. yearly federal tax on person's earnings (2 words)
16. fixed regular payment, typically paid on a monthly basis (or twice a month) but often expressed as an annual sum
19. amount of money that is owed
21. when products are in very small supply and they are difficult to find and be purchased; many times this causes price increase
23. person or business that loans money

1. someone who uses money to buy goods
2. total amount of money a worker takes home after taxes and other deductions are withheld (2 words)
3. original amount of money borrowed
4. rating used to help lenders decide whether and/or how much credit can be extended to a borrower (2 words)
6. issued by a bank that a consumer uses to pay for purchases with money from a checking account (2 words)
7. money paid by a borrower in exchange for using a lender's money for a certain period of time
9. total price of goods or services before sales tax is added
13. decrease or loss in value
15. issued by a bank, store, etc. that is issued to borrow money or buy goods on credit; consumers make regular payments to repay initial amount plus any interest (2 words)
17. yearly tax on homes and land that helps pay for local needs such as schools, firefighters, etc. (2 words)
18. organized plan for money in which the total income equals the total expenses for a given period of time (2 words)
20. anything of value that is owned
22. amount of money paid to an employee at a specific rate per hour worked