Elementary Banzai Vocabulary Quiz

A plan for spending money is called a (a)  

• Savings
• Budget
• Income
• Debt

What term describes an important expense for a job?

• Personal Expense

• Business Expense

• Leisure Expense

• Travel Expense

Competition in the market leads to (a)  

• Higher prices
• Fewer choices
• More choices and better prices
• Less innovation

The term for money given to a bank for safekeeping is (a)   .

• Debt
• Expense
• Deposit
• Income

Match the following terms with their definitions.

• A sum of money placed or kept in a bank account, usually to gain interest.

• Deposit

• The cost required for something; the money spent on something.

• Debt

• The amount owed to someone.

• Expense

• The money received, especially on a regular basis, for work or through investments.

• Income

What is the term for money spent?

• Income

• Deposit

• Debt

• Expense

What is the term for money earned from work?

• Expense

• Income

• Debt

• Deposit

What is the charge for borrowing money called?

• Loan

• Interest

• Sales Tax

• Check

What is a piece of paper that allows you to buy things with money directly from your checking account?

• Loan

• Interest

• Check

• Sales Tax

What do you call borrowed money that must be paid back?

• Loan

• Interest

• Check

• Sales Tax