Money earned from work or investments is called

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Study for the 6th Grade Financial Literacy Test. Explore interactive quizzes and multiple-choice questions with insightful explanations. Prepare effectively today!

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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