Personal Financial Literacy (6th)

Property owned by a person or company that has value.

7 years

$108,000

An identification card issued by a bank that allows a user to buy items and services immediately and pay the cost at a later time.

$174,930

Debts or obligations that a person or company owes to others.

The reduction in the value of an asset over time, often due to wear and tear.

Interest calculated on the principal amount only, not on the interest accrued.

A plan that outlines expected income and expenses over a specific period.

A card issued by a bank that allows the holder to transfer money electronically to make purchases.