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Financial Literacy Vocabulary

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

A record or statement of financial expenditures or receipts, often related to a bank or credit union.

a)

Accounts

b)

Balance

c)

Budget

d)

Cash

2.

An amount available or owed on an account.

a)

Accounts

b)

Balance

c)

Budget

d)

Cash

3.

Deciding how to spend your money before you actually spend it.

a)

Account

b)

Balance

c)

Budget

d)

Cash

4.

The physical form of money, such as coins or paper money.

a)

Balance

b)

Budget

c)

Cash

d)

Copay

5.

A bank account that allows quick access to money for everyday expenses.

a)

Checking Account

b)

Savings Account

c)

Debit Card

d)

Credit Card

6.

The time it takes for money to move from one account to another (e.g. from checking to cash, or from one checking account to another).

a)

Overhauling

b)

Over ride

c)

Clearing

d)

Balance out

7.

The amount you pay to a healthcare provider before your insurance takes the claim, usually paid before you receive a service.

a)

Receipt

b)

Medical Statement

c)

Doctor Check

d)

Copay

8.

Obtaining something you want with the understanding you'll pay for it later.

a)

Credit

b)

Debit

9.

An amount removed from your bank account to pay for something.

a)

Credit

b)

Debit

10.

The amount you owe on a loan.

a)

Loan

b)

Borrower

c)

Lender

d)

Debt

11.

Turning your money over to a financial institution for safekeeping.

a)

Withdrawal

b)

Deposit

12.

A budgeting method where you record your earnings twice: once in your account and once in your budget.

a)

Single account entry

b)

Double account entry

c)

Triple account entry

d)

Quadruple account entry

13.

Anything that you spend money on.

a)

income

b)

expense

c)

deposit

d)

withdrawal

14.

Money earned through work.

a)

withdrawal

b)

expense

c)

deposit

d)

income

15.

A percentage charged when you borrow money. Can also be an amount earned for saving money in a savings account.

a)

interest

b)

net pay

c)

pay stub

d)

transfer

16.

The amount of money left on your paycheck after taxes have been withheld.

a)

interest

b)

net pay

c)

transfer

d)

expense

17.

A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.

a)

budget

b)

transfer

c)

pay stub

d)

net pay

18.

Moving money from one account to another.

a)

deduction

b)

addition

c)

transfer

d)

withdrawal

19.

Necessities like electricity, gas, and water, which are paid monthly as part of your household expenses.

a)

utilities

b)

options

c)

electables

d)

utilitable expenses

20.

name of the program you worked in to reinforce your financial literacy knowledge

a)

Bonzy

b)

Bananaz

c)

Banzai

d)

I didn't do any work