Welcome to the Knowledge Mouse Online Quiz

Personal Finance Vocabulary Quiz 1

Choose a quiz style:

Questions	Answers
A person or organization that uses a product or service	Consumer
The granting of a lozn and the creation of debt; any form of deferred payment	Credit
An obligation of repayment owed by a borrower to a creditor which in most cases includes repayment of the original loan plus interest	Debt
A system by which goods and services are produced and distributed	Economy
The knowledge and skillset necessary to be an informed consumer and manage finances effectively	Financial literacy
A fee paid by a borrower to the lender for the used of borrowed money.	Interest
A debt evidenced by a "note" which specifies the principal amount, interest rate and date of repayment	Loan