WorksheetsPersonal Finance
Total questions: 12
Worksheet time: 8mins
Name
Class
Date
1.
A card that borrows money but it has to be paid back
a)
Debit Card
b)
Credit Card
c)
Baseball Card
d)
Pokemon Card
2.
A card that uses money directly from your bank account
a)
Debit Card
b)
Credit Card
c)
Pokemon Card
d)
Baseball Card
3.
An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
a)
Loan
b)
Interest
c)
Income
d)
Deposit
4.
A mortgage is used for ...
a)
Buying a new machine
b)
Buying a new vehicle
c)
Buying land or premises
d)
Paying staff wages
5.
money that you make from your job
a)
interest
b)
occupation
c)
wage
d)
income
6.
hourly rate that you get paid
a)
wage
b)
income
c)
salary
d)
register
7.
yearly amount that you get paid
a)
interest
b)
wage
c)
salary
d)
saving
8.
pay at the end of the month
a)
credit card
b)
debit card
9.
If you borrow money from a bank, you have to...
a)
pay the amount you borrow back
b)
pay interest back
c)
have a time limit to use it
d)
all options are correct.
10.
What is the difference between needs and wants?
a)
needs=other things
wants=survival
wants=survival
b)
needs=survival
wants=other things
wants=other things
11.
Disposable income is income that people spend on things they don’t really need.
a)
True
b)
False
12.
Complete record of your borrowing and repayment performance.
a)
Personal info
b)
Personal history
c)
Credit history
d)
Credit info
100 %
