Financial Vocabulary

Financial Vocabulary

Assessment

Flashcard

Other

7th - 8th Grade

Hard

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15 questions

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1.

FLASHCARD QUESTION

Front

What term describes a chart that lists how Sarah spends her money? Options: Credit, Contract, Budget, Guarantee

Back

Budget

2.

FLASHCARD QUESTION

Front

What is the term for a promise that a product will be repaired or replaced if it breaks within a specified period? Options: Warranty, Credit, Contract, Guarantee

Back

Warranty

3.

FLASHCARD QUESTION

Front

Back

Guarantee

4.

FLASHCARD QUESTION

Front

Michael hits a deer on the highway. Which of the following would cover the cost of fixing his car? Options: Insurance, Contract, Warranty, Credit

Back

Insurance

5.

FLASHCARD QUESTION

Front

What is the term for an agreement where Lucy agrees to pay $800 per month to rent an apartment, and if she fails to pay, her landlord can kick her out? Options: Credit, Budget, Contract, Insurance

Back

Contract

6.

FLASHCARD QUESTION

Front

Marcus rarely pays his bills on time and owes a lot of money to the bank. He is unable to get a loan for a home. What is the term that describes his situation? Options: Budget, Credit, Insurance, Guarantee

Back

Credit

7.

FLASHCARD QUESTION

Front

Back

Insurance

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