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WorksheetsAKS 64 Personal Finance
Total questions: 11
Worksheet time: 33mins
What is an agreement to receive something now, pay for it later?
Credit
Debit
Savings
Investing
What is the money you earn from work?
Income
Expenses
Savings
Credit
What allows money to be taken directly from a person's bank account?
Credit Card
Debit card
Investment
Gift card
What allows a loan to be borrowed from the bank to receive something now?
Credit card
Debit card
Cash
Check
Spending time or money now in hopes of future benefits later is called:
Investing
Saving
Borrowing
Credit
Which of these is a reason to have a budget for income and expenses?
To make sure you have enough money to spend and save
To be able to have the most expensive items
To buy as much as you can on credit
To invest all your money
What is opportunity cost?
The second best choice you give up to have something else
The price of investing money
What you lose by not saving money
The cost of things you need to survive
Select ALL that apply: what is Net pay?
Total money you earn before taxes and deductions
Money you're being paid before you pay your employer back for benefits
Money you have left after deductions and taxes
Money that is deposited in your bank account
Select ALL that apply: what is Gross pay?
Total money you earn before taxes and deductions
Money you're being paid before you pay your employer back for benefits
Money you have left after deductions and taxes
Money that is deposited in your bank account
Which is a bigger sum of money?
Net pay
Gross pay
Gabby wants to save 10% of the $4,000 from her gross pay every month. How much does she save each month?
$400
$40
$10
$100
