Free Printable Savings Vocabulary 1

Worksheets

Savings Vocabulary 1

Total questions: 15

Worksheet time: 15mins

Name

Class

Date

How is wealth defined?

How much money you have in your Checking and Saving accounts

Debts - Assets

All assets, including money in the bank + retirment

Assets - Debts

What is a general rule of thumb on how much you should save?

5% of your income

10% of your income

20% of your income

30% of your income

What is a good strategy to help you save?

1st, spend money on all expenses; put the rest into saving

Tap into your savings on a regular basis to purchase small items, like snacks

Pay yourself first - set aside money for savings each month

Keep your spending and saving money together in 1 account

How does the 50-20-30 rule distribute your income?

50% expenses, 20% flexible spending, 30% saving

50% expenses, 20% saving, 30% flexible spending

50% flexible spending, 20% saving, 30% expenses

50% saving, 20% flexible spending, 30% expenses

How does inflation impact the money in your savings account?

Inflation decreases only the $ you earn in interest

Inflation increases the value of the money in your account

Inflation has no impact on $ in your savings account.

The purchasing power of your money decreases over time

The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest.

True

False

What is the FDIC?

A government agency that forces people to save 10% of their income.

A U.S. corporation that insures investments against stock market crash.

The U.S. corporation insuring deposits in US banks against bank failure

With this payment method, employers put the employee’s paycheck into the authorized employee’s bank account

paycheck

payroll card

direct deposit

all are the same

What is inflation?

Increase general price level of goods and services

Increase price level from one private organisation

Decrease general price level of goods

Increase general price level of services

10.

Principal is the original amount of money saved or invested, separate from interest or earnings

True

False

11.

What is a Stock

Car

Animals

the capital raised by a business or corporation through the issue and subscription of shares,

Used in cooking

12.

What is Mutual fund?

An investment in which investors pool their money to buy stock.

An investment that you put in your checking account

Investment that you put in your swimming pool.

Investment that you put in the ground.

13.

Companies rise money by selling them in the company to investors.

Stockbroker

Securities

Stocks and Shares

IPO

14.

Statistical measure of how a section of the stock market is performing.

Listed

Brokerage

Securities

Index

15.

Type of investment sold by corporations and goverment.

Stocks and Shares

Securities

Index

Stockbroker

100 %

Savings Vocabulary 1

Total questions: 15

Worksheet time: 15mins

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