Fill in the Blanks Competent Financial Literacy Quiz (Medium)Online version Take your knowledge a step further by completing the fill-in-the-blank quiz with financial literacy terms! by WM 1 Your is a number that shows how well you manage borrowed money . 2 Spreading your money across different investments to reduce risk is called . 3 The is the original amount of money borrowed or invested . 4 is the cost of borrowing money , including interest and fees . 5 A is a retirement savings plan offered by an employer . 6 The chance of losing money on an investment is called . 7 is replacing a loan with a new one for better terms . 8 A determines how much tax you pay based on your income . 9 The is the maximum amount you can borrow on a credit card . 10 is interest earned on both the money you saved or invested and the interest it already earned . 11 An refers to anything valuable you own , like money , a house , or a car . 12 A is something you owe money to , like loans and other forms of deb t 13 refers to money or resources you can use to start or grow something , like a business or investment . 14 A is a strategy to help you manage your money and reach your financial goals . 15 describes how much and how quickly the value of an investment goes up or down . 16 is a legal process for people or businesses who cannot pay their debts . 17 is the value of what you own ( assets ) minus what you owe ( liabilities ) . 18 refers to how comfortable you are with the possibility of losing money on an investment . 19 A is a significant decline in economic activity spread across the economy , lasting more than a few months . 20 is the interest calculated only on the original amount of money invested or borrowed . 21 The percentage of available credit a person is using , which affects their credit score is called the . 22 A is when there is more of something than is needed . 23 is when there are not enough resources to meet people ? s wants and needs . 24 When taxes on income or investments are delayed until a later time , it ? s considered - . 25 All the investments you own is called your 26 A percentage showing how much money you made compared to what you invested is called 27 Dividing your money among different types of investments to balance risk and reward is called 28 The is the central bank of the United States that controls the money supply and interest rates . 29 The is an exchange where investors buy and sell shares of public companies . 30 Property consisting of land , and anything permanently attached to it or built on it , whether natural or man - made is called . 31 An is someone who starts or owns a business . 32 is how quickly you can turn something into cash without losing value . 33 The total value of all goods and services a country produces in a year is called the .
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