Personal Finance Quiz

What is the term for money received from work, investments, or other financial support?

• Loan

• Debt

• Income

• Credit

What is the lowest wage permitted by law in the U.S.?

• $9.00 an hour

• $8.50 an hour

• $7.25 an hour

• $10.00 an hour

What is a commission?

• A fixed salary

• A type of tax

• A loan of money

• Money earned as a percentage of a sale or service

What is a mortgage?

• A credit card

• A type of investment

• A house payment

• A savings account

What is a budget?

• A type of loan

• A credit score

• A plan for spending and saving one’s income

• A financial obligation

What are expenses?

• Money set aside for later use

• Financial obligations, such as bills

• A type of income

• A form of investment

What is the definition of savings?

• Money owed

• A loan of money

• Money set aside for later use or in case of emergencies

• A type of credit

What is debt?

• A type of income

• A savings account

• Money owed

• A financial plan

What is a lender?

• An individual, bank, or company who loans money

• A savings account

• A financial obligation

• A type of investment

What is a debit card?

• A type of loan

• A plastic card from a bank where money is immediately transferred from your account to the seller

• A savings account

• A card that allows purchases on credit