Unit 4: Teens and Money Midpoint vocabulary -Assessment

What does it mean to have debt?

• an agreement that allows you to buy something later

• money that you earn from a job or other source

• money that is borrowed and should be paid back

• the amount of money charged for a service

What does it mean to go bankrupt?

• to not have enough money to pay what is owed

• to pay back money that is borrowed or owed

• to be employed

• to have a large effect on something

What is credit?

• the remaining amount of money that is still owed

• a sign or piece of information that points to something

• a routine, practice or costume

• an agreement that lets you to buy something and pay for it later

What does it mean to evaluate something?

• to reduce something as much as possible

• to decide how good or useful something is

• to procure, purchase or shop for something

• to neglect, fail or omit something

What does it mean to have an income?

• to have money earned from a job or other source

• to owe an amount on money

• to charge an amount for a service

• to not have enough money to pay for something

Some college loans offer a low rate of (a)   .

• fee

• debt

• interest

• income

A person who has a credit card will need to pay off the (a)   quickly to avoid having too much debt.

• interest

• credit

• balance

• fee

A person could (a)   costs by bringing their lunch to school instead of buying.

• minimize

• maximize

• minimum

• evaluate

When ordering online it is normal to be charged a shipping (a)   .

• debt

• minimize

• balance

• fee

A person with their own babysitting business might have (a)   success.

• credit

• income

• financial

• bankrupt