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WorksheetsL4 - Personal Finance
Total questions: 17
Worksheet time: 9mins
Name
Class
Date
1.
A card that allows someone to buy something and pay back the money owed later
a)
Credit Card
b)
Interest
c)
Debt
d)
Fraud
e)
Loan
2.
Receiving money to be paid back later; can be planned or unplanned
a)
Borrowing
b)
Transaction
c)
Loan Shark
d)
Mortgage
e)
Fraud
3.
A list of income and spending over a period of time; an amount of money available
a)
Budget
b)
High street bank
c)
Income
d)
Identity Theft
e)
Mortgage
4.
The percentage by which interest is calculated. For example, a loan of £1000 at an interest rate of 5% would incur interest of £50 per year
a)
Interest Rate
b)
Risk
c)
Financial Advice
d)
Interest
e)
Identity Theft
5.
Money that is owed – and that is expected to be paid back – by an individual, business or country; it can be manageable or unmanageable
a)
Debt
b)
Financial Advice
c)
Savings Account
d)
Loan
e)
Credit Card
6.
A type of money lender; typically charges very high interest rates and operate illegally
a)
Loan Shark
b)
Savings Account
c)
Transaction
d)
Fraud
e)
Borrowing
7.
Money we earn or receive from working for a wage or salary or from investing in assets e.g. money in a bank, in stocks and shares, in property
a)
Income
b)
Transaction
c)
High street bank
d)
Mortgage
e)
Budget
8.
Advice designed to help people plan decisions regarding money
a)
Financial Advice
b)
High street bank
c)
Risk
d)
Identity Theft
e)
Interest Rate
9.
A bank or building society account that pays interest on the money saved in it
a)
Savings Account
b)
Loan
c)
Risk
d)
Interest
e)
Credit Card
10.
Money borrowed, usually from a bank or building society
a)
Loan
b)
Fraud
c)
Debt
d)
Transaction
e)
Borrowing
11.
The illegal use of deception for financial gain (sometimes called a ‘scam’)
a)
Fraud
b)
Mortgage
c)
Loan Shark
d)
High street bank
e)
Budget
12.
A loan to buy a property
a)
Mortgage
b)
Identity Theft
c)
Income
d)
Risk
e)
Interest Rate
13.
Falsely using another person’s personal details in order to gain money, goods, loans etc.
a)
Identity Theft
b)
Credit Card
c)
Financial Advice
d)
Debt
e)
Credit Card
14.
The cost of borrowing and the money earned on savings
a)
Interest
b)
Debt
c)
Savings Account
d)
Loan Shark
e)
Borrowing
15.
An exchange of money when something is bought or sold
a)
Transaction
b)
Loan Shark
c)
Fraud
d)
Income
e)
Budget
16.
A bank that is run as a business. It looks after money, lends money and helps people pay for things (by issuing debit and credit cards)
a)
High street bank
b)
Income
c)
Mortgage
d)
Financial Advice
e)
Interest Rate
17.
A situation that could cause harm or loss but might also have a significant reward
a)
Risk
b)
Financial Advice
c)
Identity Theft
d)
Savings Account
e)
Interest Rate
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