Financial Terminology Quiz

What does the term "afford" mean?

• To borrow money

• To have enough money to pay for something

• To save money for the future

• To receive payments for work done

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Which word describes money that is borrowed?

• Profit

• Wages

• Loan

• Savings

What is the definition of "profit"?

• Money set aside for the future

• The chance of loss or harm

• The amount of money left after all business costs have been paid

• Payments received for work done

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

If something is difficult to get or find, it is considered to be what?

• Prosperous

• Scarce

• Risky

• Affordable

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What does "wages" refer to?

• Money borrowed

• Payments received for work done

• The chance of loss or harm

• Money set aside for the future

Tags

CCSS.L.5.5C

What does it mean to "prosper"?

• To borrow money

• To do well and become successful

• To save money for the future

• To have enough money to pay for something

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What is "savings"?

• Money set aside for the future

• The amount of money left after all business costs have been paid

• Payments received for work done

• The chance of loss or harm

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

What does "risk" mean in financial terms?

• The chance of loss or harm

• Payments received for work done

• Money borrowed

• The amount of money left after all business costs have been paid