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Budgeting Vocabulary

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Shortness of Supplies. Less than needed.

a)

Variable Expenses

b)

Scarcity

c)

Mutual Funds

d)

Benefits

2.

An advantage or something that helps you.

a)

Investing

b)

Credit Cards

c)

Credit

d)

Benefits

3.

Expenses that vary over time.

a)

Fixed Expenses

b)

Variable Expenses

c)

Mortgages

d)

Interest

4.

Individuals purchase part of a corporation.

a)

Stock Market

b)

Benefits

c)

Trade Offs

d)

Stocks

5.

To put money to use by buying a part of something, so that you may have profitable returns.

a)

Investing

b)

Interest

c)

Opportunity Cost

d)

Financial Planning

6.

The next best choice you could have taken.

a)

Costs

b)

Trade Offs

c)

Opportunity Cost

d)

Budgeting

7.

Money charged for the use of money.

a)

Budget

b)

Interest

c)

Investing

d)

Credit

8.

Money borrowed against a home or land; must be paid back with interest.

a)

Line of Credit

b)

Mutual Funds

c)

Resources

d)

Mortgage

9.

The price paid to get a good or service.

a)

Opportunity Cost

b)

Costs

c)

Trade Offs

d)

Financial Planning

10.

A card allowing someone to make a purchase on borrowed money.

a)

Credit Card

b)

Stocks

c)

Credit

d)

Investing

11.

To plan your money, and how it will be used, how much will be invested compared to how much you plan on earning.

a)

Budgeting

b)

Mortgage

c)

Fixed Expenses

d)

Variable Expenses

12.

Things you have to give up when you make a particular choice.

a)

Benefits

b)

Credit Cards

c)

Trade Offs

d)

Resources

13.

Expenses which are the same month after month.

a)

Fixed Expenses

b)

Variable Expenses

c)

Mutual Funds

d)

Personal Investments

14.

A place where stocks and bonds are traded.

a)

Personal Investments

b)

Stocks

c)

Resources

d)

Stock Market

15.

Buy now, Pay later

a)

Investing

b)

Credit

c)

Budgeting

d)

Interest

16.

The making of a program to manage finances through budgeting and investment.

a)

Opportunity Cost

b)

Personal Investments

c)

Mortgage

d)

Financial Planning

17.

Money that can be borrowed as you need it, which must be paid back with interest; often secured by property.

a)

Mutual Funds

b)

Scarcity

c)

Line of Credit

d)

Financial Planning

18.

A person sets his/her money aside for future income to meet long-term goals.

a)

Personal Investments

b)

Opportunity Cost

c)

Mutual Funds

d)

Credit Cards

19.

A source of supply, support, or aid; one that can be called on when needed.

a)

Trade Offs

b)

Stocks

c)

Credit Card

d)

Resources

20.

People pool their money together to buy a variety of stocks.

a)

Scarcity

b)

Mutual Funds

c)

Opportunity Cost

d)

Variable Expenses