Financial Literacy & Individual Responsibility

Question 1

Income

Answer 1

The amount of money someone earns

Question 2

Minimum Wage

Answer 2

The least amount of money someone can earn

Question 3

Salary

Answer 3

The amount of money someones weekly/monthly/yearly not hourly

Question 4

Budget

Answer 4

Keep the amount of money used under a certain amount

Question 5

Financial Literacy

Answer 5

Knowledge and skill to manage money

Question 6

Career

Answer 6

A series of jobs in a particular area of work

Question 7

Collage

Answer 7

Learn to get a basic degree after high school

Question 8

University

Answer 8

Learn to get a basic/advanced degree

Question 9

Vocational School

Answer 9

Teaches you how to do a particular job

Question 10

Invest

Answer 10

Purchases property, company, and etc to earn more money

Question 11

Job

Answer 11

Work for money

Question 12

Unemployment

Answer 12

Jobless

Question 13

Inflation

Answer 13

Prices of goods and services go up

Question 14

Income Inequality

Answer 14

Same job different pay for the people

Question 15

Needs

Answer 15

Required to live

Question 16

Wants

Answer 16

Something you’d love to get

Question 17

Opportunity Cost

Answer 17

Whatever you have to give up when a choice is made

Question 18

Living Wage

Answer 18

Paid just enough to get everything you need

Question 19

Taxes

Answer 19

amount to pay the Government

Question 20

Outsourcing

Answer 20

Finish outside the company

Question 21

Underemployment

Answer 21

Job that pays less than the living wage

Question 22

Financial Independence

Answer 22

Make enough money on your own

Question 23

Financial Security

Answer 23

Enough money to live comfortably

Question 24

Poverty Line

Answer 24

Make less than a certain amount per year

Question 25

Automation

Answer 25

Robots doing the job