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WorksheetsFinance Game
Total questions: 25
Worksheet time: 52mins
Name
Class
Date
1.
Which of these is a fixed expense?
a)
The price of buying food everyweek
b)
A car payment
c)
A credit card fee
d)
A phone bill
2.
What is currency?
a)
Another name for the Euro
b)
Any form of money that is in public circulation
c)
Another name for Australian coins
d)
A debit card
3.
What is finance?
a)
The management of money
b)
The management of film
c)
The management of business
d)
The management of the tax system
4.
True or False: You may have to pay interest with a debit card
a)
True
b)
False
5.
What is an example of investing?
a)
Buying a stock in the stock market
b)
Buying a Les Miserables album
c)
Buying tickets to Comic-Con
d)
Buying a laptop
6.
Something you make ahead of time to determine where your money should be going
a)
Line item inventory
b)
Cash Flow
c)
Budget
d)
line item cash flow
7.
Which of the following most accurately describes what happens when you use a credit card?
a)
You never have to pay for your purchase
b)
The money you spent coes out of your bank account
c)
You can't use your credit card for 24 hours after making a purchase
d)
The credit card company or a bank gives you a short term loan
8.
Which of these is an example of collateral?
a)
A expensive necklace that covers a $100 bill
b)
A pen that covers a $100 bill
9.
What are the minimum and maximum numbers for a credit score?
a)
300-400
b)
500-900
c)
300-900
d)
350-950
10.
Which of these is an example of a good?
a)
Hamilton CD
b)
Someone serving you ice cream
c)
Someone fixing your car
11.
What is human capital?
a)
All of the materials needed for a job
b)
The skills people need to do their job
c)
The money a worker receives for doing their job
12.
True or False: A mortgage is a loan for a house
a)
True
b)
False
13.
What is money paid back at a particular rate for money lent?
a)
Interest
b)
Income
c)
Wage
d)
Per Capita
14.
Which of these is not a trade barrier?
a)
Embargo
b)
Tariff
c)
Quota
d)
Default
15.
What is an example of an embargo?
a)
America boycotting South African products the 80's
b)
Japan limiting the amount of imported fish
c)
The British placing a tax on tea
16.
What is GDP?
a)
Total of services produced in a country during a year
b)
Total of goods produced in a country during a year
c)
Total of goods and services produced in a country during a year
17.
Calculate the interest rate: I= $194×7%×13
a)
$177
b)
$771
c)
$371
d)
$173
18.
What would the balance be with the interest added? I= $194×7%×13
a)
$371
b)
$317
c)
$133
d)
$731
19.
What is an example of a natural resource?
a)
Fabric
b)
Paper
c)
Water
20.
Giving up something in exchange for something else is also known as...
a)
Opportunity Cost
b)
Opportunity bargain
c)
Money Management
d)
Fiscal cost
21.
What is a small plastic card issued by a bank to an account holder which can be used for electronic transactions. When a transaction is made, the money is deducted from the cardholder's bank account.
a)
Debit Card
b)
Credit Card
c)
Check
d)
Sales Tax
22.
Giving up something in exchange for something else is also known as...
a)
Opportunity Cost
b)
Opportunity bargain
c)
Money Management
d)
Fiscal cost
23.
Compound interest is best defined as:
a)
interest earned on the principal investment.
b)
any form of interest earned from saving or investing.
c)
earning interest on interest.
d)
the effect interest has on the total return on investment.
24.
If a bank pays 3% interest on savings, how much interest will it charge for loans?
a)
3%
b)
less than 3%
c)
more than 3%
d)
the discount rate
25.
To put money into a bank account is what?
a)
cost
b)
withdrawal
c)
deposit
d)
finance
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