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WorksheetsReality Check - Terms to Know
Total questions: 13
Worksheet time: 4mins
A loan taken by a person in order to buy a home is called a......
Rent
Mortgage
Bad Idea
Lease
Money paid monthly to a person who owns the property that you are using for a residence or business is called .....
Rent
Mortgage
Bad Idea
Lease
Spare time to relax and do things that you enjoy. Time free from work and responsibilities is called.....
Layoff
Aptitude
Logo
Leisure time
What word means "made up of different things or kinds of things which don't necessarily have any conncection with each other"?
Manage
Materialism
Motivation
Miscellaneous
A financial cost, fee,or charge is called an.....
Employee
Equity
Expense
Economic recession
The amount of money earned each month working at a job, before deductions, is called....
Gross monthly pay
Expenses
Deductions
Balance
What word matches this definition? "Money automatically subtracted from gross income, and forwarded to the government, including income tax and insurance."
Degree
Downsizing
Diploma
Deductions
Money received in exchange for labor, products, services, or investiment is called.....
Investment
Igloo
Income
Layoff
The amount remaining after all the deductions and expenses have been subtracted from gross income.
Balance
Budget
Brainstorm
Business
TRUE or FALSE? To balance a budget means to adjust it so that you don't spend more than you can earn.
True
False
Income is....
Money IN
Money OUT
Expenses are....
money IN
money OUT
Balance is.....
money gone
money left over
