wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

hospitality and tourism budget

Total questions: 46

Worksheet time: 35mins

Name
Class
Date
1.

a plan that helps you set spending goals and monitor how a how well you are meeting those goals

a)

budget

b)

mortgage

c)

loan

d)

principe

2.

the in and out movement of your finances

a)

overdraft

b)

credit score

c)

cash flow

d)

debit card

3.

the value of what you own or have invested

a)

Liability

b)

Interest rate:

c)

Checking account

d)

asset

4.

what you owe both currently and long-term

a)

Foreclosure

b)

Endorsement

c)

Liability

d)

Budget

5.

when the amount of money withdrawn from a bank account is greater than the amount available in the account

a)

overdraft

b)

interest

c)

under-draft

d)

asset

6.

a detailed report of an individual’s credit history prepared by a cred bureau and used by a lender in determining a loan applicants’ creditworthiness

a)

credit report

b)

interest report

c)

foreclose report

d)

debit report

7.

a written contract between a borrower and a lender that sets terms and conditions

a)

liability

b)

safety net

c)

safety flow

d)

loan

8.

the cost of using money

a)

interest rate

b)

interest

c)

savings account

d)

cash flow

9.

a demand deposit account subject to withdrawal of funds electronically or by check

a)

savings account

b)

cash account

c)

credit account

d)

checking account

10.

a signature on the back of the check that transfers ownership of the check

a)

Overdraft

b)

mortgage

c)

Endorsement

d)

Liability

11.

a card issued by the bank that allows the account owner to immediately access their funds electronically

a)

debit card

b)

credit card

c)

bank card

d)

savings card

12.

a debt instrument used in a real estate loan where the property is the collateral

a)

overdraft

b)

liability

c)

mortgage

d)

budget

13.

a person, firm, or corporation with insufficient assets to cover their debts

a)

loan

b)

overdraft

c)

bankrupt

d)

foreclosure

14.

a legal process in which property that is collateral for a loan may be sold to help repay the loan when the loan is in default

a)

foreclosure

b)

principal

c)

asset

d)

credit score

15.

a card issued by a bank giving the holder an option to borrow money, usually at point of sale

a)

bank card

b)

credit card

c)

credit score

d)

debit card

16.

the amount paid by a borrower to a lender in exchange for the use of the lenders money usually expressed as a percentage and noted on an annual basis

a)

cash flow

b)

loan

c)

interest

d)

interest rate

17.

a deposit account subject to limited withdrawals, but may be accessed immediately

a)

loan account

b)

savings account

c)

bank account

d)

checking account

18.

a number, roughly between 300 and 800, that measures an individual’s creditworthiness

a)

loan fee

b)

credit score

c)

debit score

d)

liability

19.

the outstanding balance on a loan, excluding interest and fees

a)

asset

b)

mortgage

c)

overdraft

d)

principal

20.

a fee charged by a lender to make a loan

a)

loan fee

b)

interest

c)

credit fee

d)

safety net

21.

Budgets should be ________ and realistic

a)

easy

b)

bad

c)

simple

d)

hard

22.

When you are making your budget you should first make a list of your _______

a)

budget

b)

expenses

c)

income

d)

loans

23.

After you have listed out your expenses you should subtract it from your ________

a)

loans

b)

budget

c)

income

d)

interest

24.

What percentage should you invest from each paycheck?

a)

20-30%

b)

10-15%

c)

1-5%

d)

5-10%

25.

It is important to have a _________ for when problems occur with your budget.

a)

asset

b)

foreclosure

c)

safety account

d)

safety net

26.

How many months pay should you have set aside to meet sudden expenses?

a)

7-9

b)

10-12

c)

2-6

d)

1-3

27.

What are the four types of common expenses?

a)

weekly, monthly, quarterly/annually, other

b)

daily, weekly, monthly, quarterly/annually, other

c)

weekly, monthly, quarterly/annually,

d)

daily, weekly, monthly, quarterly/annually

28.

What type of expense is child care

a)

weekly

b)

weekly and monthly

c)

monthly

d)

other

29.

What type of expense is housing

a)

quarterly/ annually

b)

daily

c)

monthly

d)

other

30.

What type of expense is utilities?

a)

other

b)

weekly

c)

quarterly/annually

d)

monthly

31.

What type of expense are groceries

a)

daily

b)

weekly

c)

monthly

d)

other

32.

What type of expense is gas

a)

monthly

b)

daily

c)

other

d)

weekly

33.

What type of expense is clothing?

a)

other

b)

quarterly/annually

c)

daily

d)

weekly

34.

What type of expense is top golf

a)

monthly

b)

weekly

c)

daily

d)

other

35.

What type of expense is bowling?

a)

monthly

b)

weekly

c)

other

d)

daily

36.

What type of expense is shoes

a)

weekly

b)

quarterly/annually

c)

monthly

d)

other

37.

What type of expense is taxes

a)

monthly

b)

quarterly/annually

c)

other

d)

weekly

38.

What type of expense is insurance

a)

other

b)

quarterly/annually

c)

weekly

d)

monthly

39.

What type of expense is household supplies

a)

other

b)

monthly

c)

daily

d)

weekly

40.

What type of expense is going out to eat?

a)

daily

b)

monthly

c)

weekly

d)

other

41.

What type of expense is car note?

a)

monthly

b)

weekly

c)

other

d)

quarterly/annually

42.

What type of expense is rent?

a)

weekly

b)

quarterly/annually

c)

monthly

d)

weekly and monthly

43.

What type of expense is loan payments?

a)

weekly

b)

monthly

c)

/quarterly/annually

d)

other

44.

What type of expense is repairs

a)

daily

b)

monthly

c)

weekly

d)

other

45.

What type of expense are medical bills

a)

other

b)

monthly

c)

weekly

d)

quarterly/annually

46.

what parts are in a check?

a)

Date, bank name, amount in numbers, amount in words, memo, and signature

b)

Date, pay to the order of, amount in numbers, loan, amount in words, memo, and signature

c)

Date, pay to the order of, amount in words, and signature

d)

Date, pay to the order of, amount in numbers, amount in words, memo, and signature

e)

Date , amount in numbers, amount in words, memo, and signature