wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Careers Financial Quiz Part 2

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

A list of transactions in your bank account along with the running balance that tells your how much money you have available to spend.

a)

GAI

b)

Budget

c)

Variable Income

d)

Check Register

2.

Protection against risk is the primary reason people purchase

a)

auto insurance

b)

home insurance

c)

health insurance

d)

all of the above,

3.

Autumn has deductions taken out of her paycheck whether she likes it or not. These deductions include Medicare and Social Security. These types of deductions are called.

a)

Voluntary deductions

b)

Involuntary deductions

c)

Net annual income

d)

Fixed income

4.

Fee charged by your bank when you withdraw more than you have in your account.

a)

Garnishment

b)

Overdraft

c)

Credit Score

d)

Medicare

5.

Which of the following statements is NOT correct?

a)

A debit card allows for an immediate electronic transfer of money from a cardholder's savings or checking account.

b)

A debit card is essentially a paper check but doesn't require the processing time a check does.

c)

A debit card is handy in an emergency when you don't have the money to spend.

d)

A debit card is a pay-now payment type with no grace period for payment.

6.

A group of careers in which the products produced or the skills needed by the employs are similar

a)

Career Groups

b)

GAI

c)

Garnishments

d)

Career Clusters

7.

Natalie borrowed money from the bank. The amount the lender charged her to use their money is called the

a)

GAI

b)

fixed expense

c)

Interest rate

d)

FDIC

8.

A record of income and expenditures for a give period of time is called a

a)

budget

b)

expense

c)

payment

d)

income

9.

The higher your credit score

a)

you are less likely to get a loan

b)

the lower your interest rate

c)

the higher your interest rate

d)

you are less likely to be able to buy a house

10.

Conner is a famous artist, well sometimes. When his paintings sell, he makes great money. However, sometimes, he goes for long periods of time without bringing home a paycheck at all. Much like construction workers and writers, we could say Conner has what type of income?

a)

fixed income

b)

variable income

c)

involuntary income

d)

social security income

11.

Trey borrows $50.00 from Jasmine. She makes him pay back $75.00. This is an example of......

a)

True friendship

b)

GAI

c)

PYF

d)

Interest

12.

Gross income is

a)

the same every month

b)

before deductions

c)

after deductions

d)

all of the above

13.

The balance in Brian's checking account was $180.00. He wrote a check for $210.00. Brian.....

a)

bounced a check

b)

will be charged an overdraft fee

c)

may have avoided this mistake by kepping careful records in his check register

d)

All the above

14.

GMI means

a)

The monthly amount of your pay before deductions.

b)

The monthly amount of your pay after deductions

c)

The yearly amount of your pay before deductions

d)

The yearly amount of your pay after deductions

15.

All of the following are post secondary options EXCEPT which one

a)

Trade school

b)

Four-year college

c)

Apprenticeship

d)

GED