Section 1: Match the following term with its correct answer
Financial literacy
Opportunity co...
Section 1: Match the following term with its correct answer
Financial literacy
Opportunity cost
Postsecondary school
I
Free
Application for Federal Student Aid (FAFSA)
Financial aid package
Compensation package
Take-home pay
FICA deductions
Budget
Credit union
A. All of the aid offered to you by a school
B. A nonprofit financial institution with specific membership requirements
C. Social Security and Medicare
D. Used to determine eligibility for grants and loans
E. Any formal education after high school
F. The knowledge to effectively manage your finances
G. Health insurance, life insurance, retirement contributions, vacations/paid time off
H. What is given up in order to make a particular choice
1 Gross income minus deductions
J. Planning how much of your monthly income will be spent on necessities
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