FINANCIAL LITERACY TEST AND
ANSWERS.
abilities - Answers-a person's talents or skills
availability - Answers-number of products ready for purchase
benefits - Answers-retirement, health insurance, sick pay, and vacation
borrower - Answers-a person who takes money with the promise of paying it back
budget - Answers-a plan for making and spending money
charitable giving - Answers-donating money, services or goods to groups in need
cost - Answers-money spent to make a product
credit - Answers-money that is loaned to someone, and usually paid back with interest
demand - Answers-the number of consumers who want to buy a product or service
experience - Answers-knowledge a person gains on the job
human capital / labor - Answers-the knowledge and skills an employee gains in
education and experience
interest - Answers-the price someone pays for the use of borrowed money
lender - Answers-one who gives money and expects it to be paid back
planned spending - Answers-paying money for services and goods you expect
purchase - Answers-to buy
resources - Answers-the people and things needed to make goods and services
salary - Answers-amount of money an employee is paid each year
save / savings - Answers-putting money aside for future use
savings plan - Answers-a plan to help you save money over time, so you can reach your
goals
ANSWERS.
abilities - Answers-a person's talents or skills
availability - Answers-number of products ready for purchase
benefits - Answers-retirement, health insurance, sick pay, and vacation
borrower - Answers-a person who takes money with the promise of paying it back
budget - Answers-a plan for making and spending money
charitable giving - Answers-donating money, services or goods to groups in need
cost - Answers-money spent to make a product
credit - Answers-money that is loaned to someone, and usually paid back with interest
demand - Answers-the number of consumers who want to buy a product or service
experience - Answers-knowledge a person gains on the job
human capital / labor - Answers-the knowledge and skills an employee gains in
education and experience
interest - Answers-the price someone pays for the use of borrowed money
lender - Answers-one who gives money and expects it to be paid back
planned spending - Answers-paying money for services and goods you expect
purchase - Answers-to buy
resources - Answers-the people and things needed to make goods and services
salary - Answers-amount of money an employee is paid each year
save / savings - Answers-putting money aside for future use
savings plan - Answers-a plan to help you save money over time, so you can reach your
goals
