Personal Finance Vocabulary

Personal Finance Vocabulary

9th - 11th Grade

12 Qs

quiz-placeholder

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Personal Finance Vocabulary

Personal Finance Vocabulary

Assessment

Quiz

Social Studies

9th - 11th Grade

Easy

Created by

Derek Washburn

Used 17+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Gross Monthly Income

The TOTAL amount you get paid for month

The TAXES that you have to pay for the month

The amount you TAKE HOME after your monthly deductions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net Monthly Income

The TOTAL amount you get paid for the month

The amount of income remaining to spend in a month AFTER ALL deductions have been made.

The total DEDUCTIONS taken out of your paycheck.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does ATM stand for?

Automatic Target Mechanism

Automatic Tank Mine

Automated Teacher Meme

Automated Teller Machine

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money you have to pay back ON TOP of the amount that you borrowed is called what?

Insurance

Debt

Interest

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country spends more than it takes in revenue it is called what?

Credit

Interest

Deficit

Default

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you turn 62 years old and have worked paying taxes for many years, you get to draw what when you retire?

Social Security

Social Deposits

Social Deficits

Social Credits

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you buy partial OWNERSHIP into a company you purchase what?

Securities

Stocks

Bonds

Currency

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