Financial Vocabulary Quizs

Cash

• Money in the form of notes and coins. Example: I paid for the groceries in cash.

• A type of digital currency used for online transactions.

• A form of credit that allows you to borrow money.

• A financial instrument that represents ownership in a company.

Partial refund

• A return of part of the money you paid for something.

• A complete return of the product without any charges.

• An additional charge for a service provided.

• A discount on future purchases.

Withdraw

• To take money out of a bank account.

• To deposit money into a bank account.

• To transfer money between accounts.

• To check the balance of a bank account.

Bank statement

• A document that shows the money going in and out of your account.

• A summary of your credit card transactions.

• A report of your investment portfolio performance.

• A list of all your loans and debts.

Counterfeit money

• Fake or illegally made money.

• A type of currency that is widely accepted.

• Money that is printed by the government.

• A form of digital currency.

Mortgage

• A type of insurance for homeowners.

• A loan used to buy a house or flat.

• A government grant for first-time buyers.

• A savings account for home repairs.

Purchase

• The act of buying something.

• A type of financial investment.

• A method of saving money.

• A form of online advertising.

Distribution costs

• The expenses of delivering products to customers. Example: The company reduced distribution costs to increase profits.

• The costs associated with manufacturing products in a factory.

• The expenses related to marketing and advertising products.

• The costs incurred during the research and development of new products.

Monthly membership

• A fee paid each month to be part of a club or service.

• A one-time payment for lifetime access to a service.

• A discount offered for annual subscriptions.

• A fee that is only paid during the summer months.

Debit card

• A card that takes money directly from your bank account when you buy something.

• A card that allows you to borrow money up to a certain limit.

• A card used for online shopping only.

• A card that earns you rewards points for every purchase.