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Worksheets

Money and Me

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

What is the name of a bank account where your salary is paid in, and you use the money to pay for everyday things?

a)

Savings account

b)

Interest account

c)

Current account

2.

If you want to put money into an account for emergencies, or to buy things in the future, what is the name of that type of account?

a)

Current account

b)

Savings account

c)

Future account

3.

What is it called when you borrow money, or go overdrawn, and when you repay the money you have to pay a bit more than you borrowed?

a)

Payments

b)

Interest

c)

Borrowings

4.

When interest rates are high, who is that good for?

a)

People who save

b)

People who borrow money

5.

When interest rates are low, who is that good for?

a)

People who have borrowed money

b)

People who save money

6.

If you use your bank card, which is sometimes called a debit card, where does the money come from?

a)

Your current account

b)

Your savings account

c)

From Mum and Dad

7.

If you use a credit card to pay for something, where is the money coming from?

a)

Your current account

b)

The credit card company

c)

The shop where you are buying something

8.

If you pay for something using a credit card, what happens if you don't pay it all back the following month?

a)

You get told off

b)

You have to pay interest

c)

Nothing

9.

On a payslip, which of the following will you be able to see? There may be more than one answer.

a)

Your National Insurance number

b)

Your account number

c)

Your bank's sort code

d)

Your photo

10.

What is the correct name for the money you get paid each month by your employer?

a)

Net pay

b)

Total pay

c)

Gross pay

11.

Which of the following is taken away from your Gross pay before the money is paid into your bank account? There could be more than one answer.

a)

Income Tax

b)

Pension

c)

National Insurance

d)

Money you owe your parents

12.

What is the name of the money you actually receive each month from your employer once Income Tax, National Insurance and your pension has been taken away?

a)

Gross pay

b)

Net pay

c)

Salary

13.

Which of the following is often a clue that an email or text is a scam? There may be more than one correct answer.

a)

Bad spelling and grammar

b)

An unknown phone number

c)

The message tells you to act quickly

d)

They ask you for your personal details

14.

If you receive a text which you think is a scam, who should you report it to first?

a)

Your service provider

b)

The police

c)

A friend

15.

If you can't find your bank card or credit card, what should you do?

a)

Call the police

b)

Tell your friends

c)

Call your bank and freeze your card