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WorksheetsMoney Management review
Total questions: 18
Worksheet time: 10mins
The two parts of money we discussed in class were:
Income & outcome
Income & expenses
Income & purchases
What were the 3 types of expenses we discussed?
Fixed; Flexible; Convenient
Fixed; Variable; Useful
Fixed; Flexible; Variable
A bill that comes the same time each month and doesn't change in amount is what type of expense?
Variable
Fixed
Flexible
The first set of numbers on the bottom of a check are called the:
Routing numbers
Account numbers
Check Numbers
A bill that comes every month but the amount due can change from month to month is a (a) expense.
Which type of card draws money directly from your bank account?
Credit Card
Debit Card
Pre-paid card
Check all of the boxes for the benefits of online banking.
Convenient
Accessible 24/7
Makes you money
Used anywhere
The difference between banks and credit unions
One has more money
Who owns each of them
Their location and size
If you borrowed $100 and they charged you 10% interest, how much would you end up paying them back?
$100
$1000
$110
If you deposited $20 per month into a checking account, how much money would you have after 5 months?
$85
$100
$120
If you deposited $10 per month into a savings account and it was going to earn you 10% interest each year, how much $ would you have at the end of the year?
$120
$144
$132
Your credit score is:
Your past credit history
Determines if you will be able to get a loan
Note important
A&B
What will happen to your credit score if you miss a payment?
Goes up
Goes down
Stays the same
What happens to your credit score if you pay off your debt quick?
Goes up
Goes Down
Stays the same
What happens to your credit score if you make your payments on time and at the minimum amount.
Goes up
Goes Down
Stays the same
Which type of credit could the lender (The person giving the money) take your possessions if you do not repay?
Credit card
Mortgage
Personal Loan
The period between when the money is borrowed and due to be repaid is called the?
Interest zone
Grace period
Borrow free
The term A.P.R stand for:
Annual Percentage review
Annual Percentage Rate
Always Pushing Right
