
Banking & Finance Vocab Test
Authored by Abner Reyes
Business
8th - 12th Grade
Used 6+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A way to over spend money
Listing out your expenses and your income and understanding how much you can spend
A way of controlling your money so that you pay your taxes on time
Being rich
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "Paying myself first" mean?
Automatically putting money away for your savings goals
Automatically putting money away for your spending goals
Automatically putting money away for your life goals
Automatically putting money away for your mom's goals
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long is a short term savings goal?
Anywhere in between 2 months to 3 years
Anything longer than 3 years
Anything less than 2 months
Anything more than 2 months
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long is a Medium-term savings goal?
Anywhere in between 2 months to 3 years
Anything longer than 3 years
Anything less than 2 months
Anything more than 2 months
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long is a Long-Term savings goal?
Anywhere in between 2 months to 3 years
Anything longer than 3 years
Anything less than 2 months
Anything more than 2 months
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to be unbanked?
It means that you having savings/checking account but you do not use it
It means you make too much money to have a bank account
It means you do not make enough money to have a bank account
It means you chose to not have a checking/savings account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to be underbanked?
It means that you have a savings/checking account but you do not use it
It means you make too much money to have a bank account
It means you do not make enough money to have a bank account
It means you chose to not have a checking/savings account
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