Exploring Financial Literacy 14 Copyright Goodheart-Willcox Co., Inc. May not be reproduced or posted to a publicly accessible website. Build Your Vocabulary For each word or term, write the correct definition using your own words. 11. financial literacy ______________________________________________________________________________ ______________________________________________________________________________ 12. short-term goal ______________________________________________________________________________ ______________________________________________________________________________ 13. long-term goal ______________________________________________________________________________ ______________________________________________________________________________ 14. need ______________________________________________________________________________ ______________________________________________________________________________ 15. want ______________________________________________________________________________ ______________________________________________________________________________ 16. value ______________________________________________________________________________ ______________________________________________________________________________ 17. priority ______________________________________________________________________________ ______________________________________________________________________________ 18. net worth ______________________________________________________________________________ ______________________________________________________________________________ 19. asset ______________________________________________________________________________ ______________________________________________________________________________ 20. liability ______________________________________________________________________________ ______________________________________________________________________________