Financial Intelligence Vocabulary Question Preview (ID: 62078)
Financial Intelligence Vocabulary.
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Asset
a) Something that has value or makes money whether you work for it or not
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) An agreement that lets a customer buy something now and pay for it later.
d) Money that is owed or due. Debts are liabilities.
Balance Sheet
a) A statement or snapshot of a financial place which states the assets and liabilities at a particular point in time.
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) An agreement that lets a customer buy something now and pay for it later.
d) Money that is owed or due. Debts are liabilities.
Bank
a) A financial business that accepts deposits and holds money to save.
b) The portion of a purchase that a buyer pays to buy something.
c) An agreement that lets a customer buy something now and pay for it later.
d) Money that is owed or due. Debts are liabilities.
Bond
a) A written promise issued by a government or company to pay a fixed amount over a period of time.
b) Any money spent that did purchase an asset.
c) A statement or snapshot of a financial place which states the assets and liabilities.
d) Am agreement that lets a customer buy something now and pay for it later.
Credit Card
a) An agreement that lets a customer buy something now and pay for it later.
b) The rent you agree to pay on money borrowed from a bank or person.
c) The amount of money left over from the sale of a product or service.
d) Paper assets such as stocks, bonds, mutual funds and certificates of deposit.
Certificate of Deposit
a) An agreement that one leaves money on deposit with a financial institution for a certain period of time.
b) Something that takes money away from you.
c) A debt on real estate that you agree to pay in order to own the land or property.
d) The income you receive from your investments.
Debt
a) Money that is owed or due.
b) Any property or building rented to others.
c) A percentage of a company that is bought, making the purchaser part owner.
d) The money earned and paid for working at a job.
Down Payment
a) The portion of a purchase that a buyer pays to buy something like a house.
b) The money earned and paid for working at a job.
c) Money that is owed or due.
d) Something that takes money away from you.
Expense
a) Any money spent that did purchase an asset.
b) The amount of money left over from a sale of a product or service after deducting all expenses.
c) A portion of your income paid to the government for things such as roads, police, fire department, transportation, etc.
d) Money that is owed or due. Debts are liabilities.
Interest
a) The rent you agree to pay on money borrowed from a bank or person.
b) A statement or snapshot of a financial place which states the assets and liabilities.
c) The portion of a purchase that a buyer pays to buy something.
d) A debt on real estate that you agree to pay in order to own the land or property.
Liability
a) Something that takes money away from you such as credit cards, mortgages, and loans.
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) Any property or building rented to others.
d) A percentage of a company that is bought, making the purchaser part owner.
Mortgage
a) A debt on real estate that you agree to pay in order to own the land or property.
b) Something that has value or makes money whether you work for it or not.
c) An agreement that lets a customer buy something now and pay for it later.
d) The money earned and paid for working at a job.
Passive Income
a) The income you receive from your investments that require minimal effort on your part.
b) Money that is owed or due.
c) The amount of money left over from a sale of a product or service.
d) Money that is owed or due. Debts are liabilities.
Profit
a) The amount of money left over from a sale of a product or service after deducting all expenses related to making it.
b) A written promise issued by a government or company to pay a fixed amount over a period of time.
c) An agreement that lets a customer buy something now and pay for it later.
d) A percentage of a company that is bought, making the purchaser part owner.
Rate of Return
a) The amount of profit you receive from an asset in a year compared to the amount of money you actually invested in the asset.
b) Money that is owed or due.
c) Any property or building rented to others.
d) The portion of your income paid to the government for things such as roads, police, fire department, transportation, etc.
Rental Real Estate
a) Any property or building rented to others.
b) The money earned and paid for working at a job.
c) A statement or snapshot of a financial place which states the assets and liabilities at a particular point in time.
d) An agreement that one leaves money on deposit with a financial institution for a certain period of time.
Salary
a) The money earned and paid for working at a job.
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) An agreement that lets a customer buy something now and pay for it later.
d) Money that is owed or due. Debts are liabilities.
Securities
a) Paper assets such as stocks, bonds, mutual funds and certificates of deposit.
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) An agreement that lets a customer buy something now and pay for it later.
d) A percentage of a company that is bought, making the purchaser part owner.
Stock
a) A percentage of a company that is bought, making the purchaser part owner.
b) A financial business that accepts deposits and holds money to save. It lends money as well.
c) An agreement that lets a customer buy something now and pay for it later.
d) Money that is owed or due. Debts are liabilities.
Tax
a) The portion of your income paid to the government for things such as roads, police, fire department, transportation, etc.
b) Money that is owed or due. Debts are liabilities.
c) Any property or building rented to others.
d) An agreement that lets a customer buy something now and pay for it later.
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