Financial Literacy

2. To exchange goods or services for other goods or services.
7. Money that an individual receives in exchange for work or from investments.
9. A monetary asset purchased with the expectation that it will produce income or will be sold at a higher price for a profit in the future; can include stocks, bonds, interest-bearing accounts, and real estate.
10. A compulsory contribution that an individual or business pays to the government to finance government programs and services.
11. A banking service that allows clients to send and receive funds between their personal account and someone else’s, using email and their online banking service.
13. Paying money to obtain goods or services.
14. An agreement between a buyer and a seller to exchange goods or services, including for money.

1. The difference between total revenue and associated expenses.
2. An estimate or plan to manage income and expenses over a set period.
3. Things that one spends money on; for example, food, shelter, utilities, and entertainment.
4. A customer’s ability to obtain goods or services before paying for them, with the agreement that the customer will pay the amount owed in the future.
5. Giving a gift for charity, humanitarian aid, or to help a cause; can include money, services, and goods such as clothing, toys, and food.
6. Money that is owed; the state of being required to pay back money owed.
8. An amount of money that is borrowed with the expectation that it will be paid back, usually with interest.
12. Putting money aside for future use.