L4 - Personal Finance
Authored by David Grimmett
Life Skills
8th - 9th Grade
Used 4+ times
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17 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A card that allows someone to buy something and pay back the money owed later
Credit Card
Interest
Debt
Fraud
Loan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Receiving money to be paid back later; can be planned or unplanned
Borrowing
Transaction
Loan Shark
Mortgage
Fraud
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A list of income and spending over a period of time; an amount of money available
Budget
High street bank
Income
Identity Theft
Mortgage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The percentage by which interest is calculated. For example, a loan of £1000 at an interest rate of 5% would incur interest of £50 per year
Interest Rate
Risk
Financial Advice
Interest
Identity Theft
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that is owed – and that is expected to be paid back – by an individual, business or country; it can be manageable or unmanageable
Debt
Financial Advice
Savings Account
Loan
Credit Card
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A type of money lender; typically charges very high interest rates and operate illegally
Loan Shark
Savings Account
Transaction
Fraud
Borrowing
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money we earn or receive from working for a wage or salary or from investing in assets e.g. money in a bank, in stocks and shares, in property
Income
Transaction
High street bank
Mortgage
Budget
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