NEW
Font size
S
M
L
XL
WorksheetsFinance Unit 2
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
A method used by individuals and even companies to help provide a framework for how a goal should be created.
a)
SMART strategy
b)
SMART goal
c)
Bank statement
d)
Mortgage
2.
A fee charged when a payment is not received on time. → interest
a)
True
b)
False
3.
The flow of money in and out of a business or a household over a period of time.
a)
Creditor
b)
Debtor
c)
Checkbook
d)
Cash flow
4.
Income that is available after all of the essential financial commitments have been paid.
a)
Discretionary
b)
Debtor
c)
Credit card
d)
Credit rating
5.
A detailed plan to manage the spending and saving of money.
a)
Reconciliation
b)
Check register
c)
Budget
d)
Bank statement
6.
What are the three main types of income?
a)
Earned income, Illegal Income and Passive Income
b)
Unearned income, Portfolio Income and Passive Income
c)
Earned income, Portfolio Income and Possessive Income
d)
Earned income, Portfolio Income and Passive Income
7.
The value of a person's, community's, company's, or country's assets less the amount of their liabilities.
a)
Assets
b)
Net worth or wealth
c)
Liabilities
d)
Income
8.
An expense that changes from period to period, such as food or gasoline costs.
a)
Variable expenses
b)
Discretionary expenses
c)
Fixed expenses
d)
Regular expenses
9.
Sue went to State Farm Insurance Company to determine her retirement options. She chose a type of investment where money is exchanged for a series of equal payments over time. When she retires, her payments will include interest on the original sum plus income from investments. What type of investment is this?
a)
Annuities
b)
Mutual Funds
c)
Stocks
d)
Capital
10.
This is the central bank of the United States.
a)
Bank of America
b)
Wells Fargo
c)
Federal Reserve
d)
Wall Street
11.
This is an agency of the United States that promotes public confidence in the US financial system by insuring deposits in banks and thrift institutions for up to $250,000.
a)
Federal Deposit Insurance Corporation
b)
Federal Reserve
c)
Internal Revenue Service
d)
FBI
12.
The value of a future cash stream discounted at the appropriate market interest rate.
a)
Devalue
b)
Present value
c)
Interest rate
d)
Future value
Reset
