Money earned from work or investments is called

Prepare for the 6th Grade Financial Literacy Test with interactive quizzes, flashcards, and detailed explanations. Boost your understanding of essential financial concepts and get ready to excel!

Multiple Choice

Money earned from work or investments is called

Explanation:
Money earned from work or investments is called income. Income is the overall money you receive, like pay from a job or interest from a savings account. Salary is a specific type of income you get from working, while interest is another kind of income you earn from lending or saving money. A loan, on the other hand, is money you borrow, not money you earn. So the broad term for money you receive from work or investments is income.

Money earned from work or investments is called income. Income is the overall money you receive, like pay from a job or interest from a savings account. Salary is a specific type of income you get from working, while interest is another kind of income you earn from lending or saving money. A loan, on the other hand, is money you borrow, not money you earn. So the broad term for money you receive from work or investments is income.

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