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Level 3 Financial lit Complete Questions & Verified Correct Answers

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Level 3 Financial lit Complete Questions & Verified Correct Answers

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Level 3 Financial lit Complete Questions &
Verified Correct Answers
PROFIT - CORRECT ANSWER -money left over after you've paid all your costs



INVESTMENT - CORRECT ANSWER -putting money into something hoping it will grow and make
you more money



INSURANCE - CORRECT ANSWER -paying a bit of money regularly so you're protected if
something bad happens



ENTREPRENEUR - CORRECT ANSWER -someone who starts their own business and takes risks to
make money



COMPOUND INTEREST - CORRECT ANSWER -when your interest earns more interest, so your
money grows faster



FINANCIAL GOAL - CORRECT ANSWER -what you're saving for or trying to achieve with your
money



COMPARISON SHOPPING - CORRECT ANSWER -checking different stores to find the best price



SUPPLYH&HDEMANDH-HCORRECTHANSWERH-
whenHlotsHofHpeopleHwantHsomethingH(demand)HbutHthere'sHnotHmuchHavailableH(supply),HtheHpri
ceHgoesHup

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