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Financial Fundamentals

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Any item that serves as a method of payment

a)

interest

b)

money

c)

finance

d)

inflation

2.

Activities involved with saving, investing, and using money by individuals, businesses, and governments

a)

economics

b)

commerce

c)

finance

d)

stocks

3.

the rise in general level of prices

a)

inflation

b)

economy

c)

liquidity

d)

security

4.

investment instrument issued by a corporation

a)

money

b)

bond

c)

municipal bond

d)

security

5.

security representing ownership in a corporation

a)

non-deposit institution

b)

stock

c)

bond

d)

finance

6.

debt, money that is borrowed by a company or government

a)

deposit institution

b)

liquidity

c)

bond

d)

use of funds

7.

the ease and speed with which an investment can be converted into cash

a)

liquidity

b)

money

c)

source of funds

d)

financial plan

8.

the process of managing your money to achieve economic satisfaction

a)

security

b)

personal financial planning

c)

personal financial goal

d)

source of funds

9.

formal report with a summary of your current financial situation and an outline for future activities

a)

personal financial goal

b)

tax revenue

c)

financial plan

d)

inflation

10.

a desired outcome for financial planning

a)

personal financial goal

b)

use of funds

c)

opportunity cost

d)

income tax

11.

what you give up by making a choice

a)

property tax

b)

opportunity cost

c)

finance

d)

liquidity

12.

accepting monetary funds from people and businesses to use in the future

a)

income tax

b)

deposit institution

c)

non-deposit institution

d)

tax revenue

13.

government or private organization that serves as a intermediary between savers and borrowers, but does not accept time deposits

a)

deposit institution

b)

municipal bond

c)

non- deposit institution

d)

source of funds

14.

the inflow of cash that can be used for paying various expenses

a)

source of funds

b)

money

c)

property sales tax

d)

opportunity cost

15.

outflow of money by a company

a)

sales tax

b)

liquidity

c)

security

d)

use of funds

16.

how the government raises money to finance operations and pay wages to its workers

a)

inflation

b)

tax revenue

c)

stocks

d)

municipal bond

17.

imposed percentage earnings on the income of individuals

a)

sales tax

b)

income tax

c)

property tax

d)

municipal bond

18.

collected revenue on the value of land and buildings

a)

inflation

b)

property tax

c)

liquidity

d)

income tax

19.

a state or local charge on goods and services that is collected by the seller

a)

bond

b)

inflation

c)

sales tax

d)

source of funds

20.

debt security issued by a state or local government

a)

municipal bond

b)

bond

c)

deposit institution

d)

source of funds