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WorksheetsFinancial Literacy Unit
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
These are costs that do not vary with the level of output
a)
Variable expenses
b)
Discretionary expenses
c)
Fixed Expenses
d)
All expenses
2.
APR stands for
a)
Annual Percentage Rate
b)
Annual Prime Rate
c)
Actual Percentage Rate
d)
Available Percentage Rate
3.
This is a personal letter that you submit with your resume that tells why you are interested in the job, what you can offer, and how you found out about the position
a)
Resume
b)
Application letter
c)
Letter of Reference
d)
Cover Letter
4.
This is a type of insurance paid to an individual if he/she is injured and is unable to work for a specified length of time.
a)
Car Insurance
b)
Life Insurance
c)
Health Insurance
d)
Long-term disability Insurance
5.
This is a shortage, especially of money
a)
Deficit
b)
Surplus
c)
Loan
d)
Budget
6.
This is a loan to purchase a home or other real estate
a)
Home loan
b)
Sub-prime loan
c)
Predatory lending
d)
Mortgage
7.
This is a sum paid or charged for the use of money or for borrowing money
a)
Loan
b)
Credit
c)
Interest
d)
Budget
8.
This is insurance which helps offset the costs of regular medical expenses, such as doctor's visits, medications, trips to the ER, and routine medical procedures
a)
Car Insurance
b)
Life Insurance
c)
Health Insurance
d)
Long-term disability Insurance
9.
These are costs for items that a person could do without
a)
Fixed expenses
b)
Variable expenses
c)
Discretionary expenses
d)
Sub-prime expenses
10.
This is an amount beyond what is required, excess;
(adj.) more than what is needed or expected
(adj.) more than what is needed or expected
a)
Surplus
b)
Deficit
c)
Budget
d)
Interest
11.
This is insurance that provides death benefits to the survivors of the insured.
a)
Car Insurance
b)
Life Insurance
c)
Health Insurance
d)
Long-term disability Insurance
12.
These are costs for an item or service that can be changed
a)
Fixed Expenses
b)
Variable Expenses
c)
Discretionary Expenses
d)
All expenses
13.
This is a card entitling its holder to buy goods and services based on the holder's promise to pay for these goods and services
a)
Credit card
b)
Debit Card
c)
Charge card
d)
Gift card
14.
This is a brief summary; a short written account of one's education, working experience, or qualifications for a job
a)
Letter of Reference
b)
Cover letter
c)
Application
d)
Resume
15.
This is a bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
a)
Credit card
b)
Debit card
c)
Charge card
d)
Gift card
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