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WorksheetsHomewood School Friday Quiz - Week 17
Total questions: 18
Worksheet time: 12mins
Name
Class
Date
1.
What happens if you do not pay a credit card bill on time?
a)
Use your debit card
b)
You go into debt
c)
Declare bankrupty
d)
Pay interest
2.
What is the safest way to pay for an item to avoid debt?
a)
Cash
b)
Check
c)
Credit
d)
Debit
3.
Which card takes the money out of your account immediately?
a)
Credit
b)
Debit
4.
When do you start paying into Social Security?
a)
When you retire
b)
When you turn 30
c)
When you get a full-time job
d)
When you want to
5.
Who pays interest on a loan?
a)
The borrower
b)
The bank
6.
Who pays interest when you deposit money in the bank?
a)
The depositor
b)
The bank
7.
To measure the stock market as a whole people look to
a)
FTSE
b)
Stockbrokers
c)
Individual stocks
d)
Unemployment rate
8.
Stock brokers can a portion of the profit they make, this is called
a)
Commutation
b)
Interest
c)
Commission
d)
S&P 500
9.
Bad credit can affect your ability to
a)
Buy a home
b)
Get a job
c)
Get a loan
d)
All of the above
10.
Which of the following is an example of a fixed expense?
a)
Rent
b)
Groceries
c)
Gas
d)
Clothes
11.
The least amount of money you can pay on a credit card per month.
a)
Credit Limit
b)
Minimum Payment
c)
Annual Percentage Rate
d)
Opportunity Cost
12.
What do debit cards and cheques have in common?
a)
The money comes directly out of your account
b)
You can pay the full amount later
c)
You are really taking out a small loan
13.
The agreement to receive cash, goods or services now and pay for them later.
a)
Check
b)
Debit
c)
Credit
d)
Late Fee
14.
Which of the following best describes what dividends are?
a)
The increased value of a stock.
b)
A periodic payment to the owners of a stock.
c)
A reward for selecting good stocks.
15.
This financial institution charges the most for interest but provides quick cash
a)
credit union
b)
savings and loan
c)
bank
d)
pay day loan company
16.
In general, the higher the potential return on an investment, the riskier the investment.
a)
True
b)
False
17.
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
18.
The amount of money you make per year
a)
Monthly income
b)
Annual income
c)
Monetary
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