Financial Literacy Vocabulary

Quiz
•
Mathematics
•
5th Grade
•
Easy
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a Credit Card?
A type of debit card that requires immediate payment.
An identification card issued by a bank that allows users to buy items and pay later.
A card that can only be used for online purchases.
A loyalty card that offers discounts at specific stores.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an Expense?
Money spent on goods and services.
A type of investment.
A form of income.
A financial liability.
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a Debt Card?
An identification card issued by a bank that allows users to immediately use money from a checking account.
A card that allows users to borrow money from a bank for purchases.
A prepaid card that can be used for online shopping.
A credit card that offers rewards for spending.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a Loan?
Money that is borrowed and must be paid back with interest.
A type of investment that generates profit.
A gift of money that does not need to be repaid.
A financial product that guarantees returns.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a Savings Account?
A type of investment account that allows for trading stocks.
A bank account that earns interest on the money deposited, used for saving money.
A checking account that offers no interest on deposits.
A loan account that requires monthly payments.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a Checking Account?
A type of savings account with high interest rates.
A bank account that allows for deposits and withdrawals, typically used for everyday transactions.
An investment account for buying stocks and bonds.
A loan account for borrowing money from the bank.
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is an Asset?
Anything of value or a resource owned by an individual or entity.
A liability that must be paid off.
A type of investment that guarantees returns.
A financial obligation owed to creditors.
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