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Money Management review

Total questions: 18

Worksheet time: 10mins

Name
Class
Date
1.

The two parts of money we discussed in class were:

a)

Income & outcome

b)

Income & expenses

c)

Income & purchases

2.

What were the 3 types of expenses we discussed?

a)

Fixed; Flexible; Convenient

b)

Fixed; Variable; Useful

c)

Fixed; Flexible; Variable

3.

A bill that comes the same time each month and doesn't change in amount is what type of expense?

a)

Variable

b)

Fixed

c)

Flexible

4.

The first set of numbers on the bottom of a check are called the:

a)

Routing numbers

b)

Account numbers

c)

Check Numbers

5.

A bill that comes every month but the amount due can change from month to month is a (a)   expense.

6.

Which type of card draws money directly from your bank account?

a)

Credit Card

b)

Debit Card

c)

Pre-paid card

7.

Check all of the boxes for the benefits of online banking.

a)

Convenient

b)

Accessible 24/7

c)

Makes you money

d)

Used anywhere

8.

The difference between banks and credit unions

a)

One has more money

b)

Who owns each of them

c)

Their location and size

9.

If you borrowed $100 and they charged you 10% interest, how much would you end up paying them back?

a)

$100

b)

$1000

c)

$110

10.

If you deposited $20 per month into a checking account, how much money would you have after 5 months?

a)

$85

b)

$100

c)

$120

11.

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?

a)

$120

b)

$144

c)

$132

12.

Your credit score is:

a)

Your past credit history

b)

Determines if you will be able to get a loan

c)

Note important

d)

A&B

13.

What will happen to your credit score if you miss a payment?

a)

Goes up

b)

Goes down

c)

Stays the same

14.

What happens to your credit score if you pay off your debt quick?

a)

Goes up

b)

Goes Down

c)

Stays the same

15.

What happens to your credit score if you make your payments on time and at the minimum amount.

a)

Goes up

b)

Goes Down

c)

Stays the same

16.

Which type of credit could the lender (The person giving the money) take your possessions if you do not repay?

a)

Credit card

b)

Mortgage

c)

Personal Loan

17.

The period between when the money is borrowed and due to be repaid is called the?

a)

Interest zone

b)

Grace period

c)

Borrow free

18.

The term A.P.R stand for:

a)

Annual Percentage review

b)

Annual Percentage Rate

c)

Always Pushing Right