Personal Finance Vocabulary

Personal Finance Vocabulary

6th - 8th Grade

11 Qs

quiz-placeholder

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Personal Finance Vocabulary

Personal Finance Vocabulary

Assessment

Quiz

Financial Education

6th - 8th Grade

Medium

Created by

Lemarcus Johnson

Used 3+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value that is owned by an individual

Asset

Consumer

Budget

Interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A monthly plan for how you are going to save and spend you income

budget

net worth

Simple Interest

Asset

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an obligation to repay borrowed money

credit
loan
debt
asset

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a person or organization that purchases a product or service

interest

client
consumer

renter

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything you owe; a debt

Liability

Asset
Credit
Loan

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the total value of a person's assets (things owned) minus their liabilities (things owed)

Net worth

Profit

Income

Assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the money decisions a person or family makes including earnings, budgeting, saving, spending, and planning for the future

Personal finance
Money planning
Economic strategy
Financial management

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