Quiz about Financial Literacy Vocabulary

Question 1

Bank card that takes money out of personal account immediately

Accepted Answer

debit card

Answer

credit card

Answer

check register

Answer

credit limit

Question 2

Bank or credit union that holds your money

Accepted Answer

financial institution

Answer

check register

Answer

credit limit

Answer

credit report

Question 3

Bank card that allows you to borrow money from the bank, for a fee

Accepted Answer

credit card

Answer

debit card

Answer

checking account

Answer

cash

Question 4

A journal of cash and check transactions

Accepted Answer

check register

Answer

debit card

Answer

credit card

Answer

credit report

Question 5

The maximum amount of money a bank will lend to the user

Accepted Answer

credit limit

Answer

interest

Answer

depost

Answer

credit report

Question 6

Amount of money that is charged for a service

Accepted Answer

fee

Answer

transfer

Answer

deposit

Answer

salary

Question 7

Moving money from one account to another

Accepted Answer

transfer

Answer

interest

Answer

deposit

Answer

withdrawal

Question 8

Fee for borrowing money

Accepted Answer

interest

Answer

salary

Answer

credit limit

Answer

deposit

Question 9

Adding money to your bank account

Accepted Answer

deposit

Answer

withdrawal

Answer

transfer

Answer

fee

Question 10

Removing money from bank account

Accepted Answer

withdrawal

Answer

deposit

Answer

transfer

Answer

interest

Question 11

Statement with recent credit activity that tells banks if they trust you to borrow money and pay it back.

Accepted Answer

credit report

Answer

credit limit

Answer

credit card

Answer

scholarship

Question 12

Payment received from a job

Accepted Answer

salary

Answer

interest

Answer

fee

Answer

deposit

Question 13

A payment from an organization that allows a student to be able to pay for school

Accepted Answer

scholarship

Answer

work study

Answer

student loans

Answer

salary

Question 14

Students who start a job during school to be able to pay tuition

Accepted Answer

work study

Answer

student loans

Answer

scholarship

Answer

salary

Question 15

Borrowing money from the bank to pay for school, that will be paid back later with an added fee

Accepted Answer

student loans

Answer

work study

Answer

scholarship

Answer

salary

Question 16

The middle number, when the list is organized from least to greatest

Accepted Answer

median

Answer

mean

Answer

mode

Answer

range

Question 17

The number (or numbers) that occurs the most often in a list.

Accepted Answer

mode

Answer

mean

Answer

median

Answer

range

Question 18

If you have the money needed, use your ___________________. The money will leave your account instantly.

Accepted Answer

debit card

Answer

credit card

Answer

check register

Answer

credit limit

Question 19

When you want to deposit a check or withdraw some cash, you need to visit your _______________.

Accepted Answer

financial institution

Answer

check register

Answer

credit limit

Answer

credit report

Question 20

If you don't have enough money to buy something you can borrow from the bank with your __________. But you will have to pay them back later!

Accepted Answer

credit card

Answer

debit card

Answer

checking account

Answer

cash

Question 21

This helps me look through my purchases to see what I have been buying with my _____________. It helps me know if my card was stole.

Accepted Answer

check register

Answer

debit card

Answer

credit card

Answer

credit report

Question 22

I cannot buy a TV for $500 if my _____________ is $400. This tells me how much I am allowed to borrow from the bank.

Accepted Answer

credit limit

Answer

interest

Answer

depost

Answer

credit report

Question 23

If you do not pay your bills on time they might add a ________ or charge you more money

Accepted Answer

fee

Answer

transfer

Answer

deposit

Answer

salary

Question 24

If you are about to purchase something with your debit card, you might need to move or _____________ money from your savings account to your checking account.

Accepted Answer

transfer

Answer

interest

Answer

deposit

Answer

withdrawal

Question 25

If I do not pay my credit card debt on time, the bank might add ______________. This means I have to pay more than what I actually owe them.

Accepted Answer

interest

Answer

salary

Answer

credit limit

Answer

deposit

Question 26

After my birthday I need to visit the bank to __________ my checks or cash.

Accepted Answer

deposit

Answer

withdrawal

Answer

transfer

Answer

fee

Question 27

Whenever I need some cash I might visit the bank and make a _____________ of cash.

Accepted Answer

withdrawal

Answer

deposit

Answer

transfer

Answer

interest

Question 28

This shows my credit activity for a bank or financial institution. It will help the bank decide if they should let me borrow money and if I can be trusted to pay it back.

Accepted Answer

credit report

Answer

credit limit

Answer

credit card

Answer

scholarship

Question 29

On the 25th of each month, teachers receive their paycheck. This makes up their ___________ or how much money they get paid.

Accepted Answer

salary

Answer

interest

Answer

fee

Answer

deposit

Question 30

Students who cannot pay for college might be awarded a ______________ due to their talents or good grades. This allows someone else to pay for their classes.

Accepted Answer

scholarship

Answer

work study

Answer

student loans

Answer

salary

Question 31

If you cannot pay for college you could do a _____________, where you work a part time job to help pay for your courses.

Accepted Answer

work study

Answer

student loans

Answer

scholarship

Answer

salary

Question 32

Some students need to borrow money from the bank to pay for school and they will pay them back after their get their degree and start their job.

Accepted Answer

student loans

Answer

work study

Answer

scholarship

Answer

salary

Question 33

After a test I find the _____________ grade by adding all the scores and dividing by the total number of students.

Accepted Answer

mean

Answer

median

Answer

mode

Answer

range

Question 34

To find the ___________ test grade I put all the scores in numerical order and find the one in the middle.

Accepted Answer

median

Answer

mean

Answer

mode

Answer

range

Question 35

The most common score was a 95% so that is called the _______________.

Accepted Answer

mode

Answer

mean

Answer

median

Answer

range

Question 36

Subtract the smallest number from the highest. This shows how big a box plot should be from whisker to whisker.

Accepted Answer

range

Answer

IQR

Answer

median

Answer

mean

Question 37

Subtract Q1 from Q3. This shows how big a box should be on a box plot.

Accepted Answer

IQR

Answer

range

Answer

mode

Answer

median

Financial Literacy Vocabulary

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