Mad Money Terms Question Preview (ID: 20240)
Vocabulary Game About Financial Literacy.
TEACHERS: click here for quick copy question ID numbers.
A situation favorable for attainment of a goal.
a) investing
b) want
c) need
d) opportunity
The price paid for a product or service.
a) want
b) need
c) choice
d) cost
An alternative to something else.
a) want
b) need
c) choice
d) cost
Things that make life more interesting and fun, but are not necessary.
a) want
b) need
c) choice
d) cost
The total amount of money earned.
a) gross income
b) net income
c) take home pay
d) deduction
Money set aside to be used in the future.
a) take home pay
b) investing
c) savings
d) wage
The amount of money you take home after taxes and deductions.
a) gross income
b) net income
c) take home pay
d) deduction
The amount of money left after taxes and deductions are subtracted.
a) gross income
b) net income
c) take home pay
d) deduction
Something given or received in return for investing or saving.
a) product
b) reward
c) deduction
d) cost
To convince someone to do something by advising or urging.
a) persuade
b) advertising
c) reward
d) investing
Putting money into a venture that may turn a profit or make interest.
a) advertising
b) investing
c) product
d) persuade
The probability that loss will occur.
a) need
b) want
c) wage
d) risk
Money that is paid or received for work.
a) wage
b) cost
c) risk
d) deduction
Something that is produced by labor.
a) wage
b) product
c) choice
d) cost
Things we must have in order to survive.
a) want
b) need
c) choice
d) cost
Money that is subtracted from wages.
a) net income
b) gross income
c) cost
d) deduction
To give information about a product or service in order to sell it.
a) choice
b) investing
c) advertising
d) cost
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