Financial Unit Glossary Quiz

Fill in the blank: ________ are a payment from a company to its shareholders, usually on a regular basis such as yearly.

• Dividends

• Loans

• Taxes

• Salaries

Fill in the blank: ________ is how much is paid for the use of money, as a percent.

• Interest Rate

• Principal

• Dividend

• Commission

Fill in the blank: Equity is ________.

• How much you own of a property or business.

• The total amount of debt you owe.

• The interest rate on a loan.

• A type of insurance policy.

Fill in the blank: ________ is the knowledge and skill in managing money, assets, etc.

• Financial Literacy

• Physical Education

• Art History

• Biology

What is amortization?

• An accounting technique used to spread payments over a set period of time

• A method to increase payments

• A way to avoid taxes

• A type of investment

Fill in the blank: A ______ is an estimate of income and spending for some period of time.

• budget

• receipt

• invoice

• contract

What is the definition of 'Gross Pay'?

• Wages or salary before deductions for taxes etc.

• Net income after all deductions

• Total amount after bonuses and overtime

• Amount received after tax refunds

What is the definition of 'Lease'? Fill in the blank: A lease is a legal contract for the use of an _____?

• asset

• employee

• recipe

• currency

Fill in the blank: ________ is a sum of money that's provided on the condition that it's to be paid back.

• Money Loaned

• Gift

• Salary

• Grant

Fill in the blank: In Finance, ______ is property that a borrower promises to give to a lender if they can't pay back a loan.

• collateral

• dividend

• equity

• revenue