Unit 7: Balance

1. 1. Which of the following refers to money borrowed from a lender that needs to be repaid with interest?

• Budget

• Expenses

• Loan

• Currency

Match the following a financial plan that outlines expected income and spending is called a:

• Mortgage

• Budget

• Notes

• Save

The costs incurred in day-to-day living or running a business are known as:

• Currency

• Loan

• Expenses

• Save

What is a type of loan specifically used to purchase real estate?

• Notes

• Mortage

• Budget

• Waste Money

Which of the following refers to the paper bills and coins used in a particular country?

• Savings

• Currency

• Expenses

• Loan

Written records of financial transactions or promises to pay are called:

• Savings

• Currency

• Expenses

• Loan

Carelessly spending money on unnecessary things is often described as:

• Budget

• Waste Money

• Savings

• Loan

To set aside money for future use is to:

• Budget

• Waste Money

• Save

• Loan