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WorksheetsFinancial Literacy
Total questions: 17
Worksheet time: 9mins
What is money earned from sales called?
Expenses
Income
Revenue
Sales
What is money going out to pay bills called (i.e rent)?
Income
Taxes
Expenses
Money
What is a small piece of ownership in a company called?
Bond
Deductible
Mutual Fund
Stock
While shopping at the mall, what payment method would you use to withdraw money from your checking account?
Loan
Debit Card
Credit Card
Prepaid Card
What is the BEST strategy to avoid paying interest on credit cards?
Skip payments
Pay the full balance each month
Pay the minimum
Pay online
Income earned on an hourly basis is called:
Stipend
Salary
Insurance
Wage
This is usually paid on a monthly/bimonthly basis for professional employment.
Salary
Wage
Income
Expense
How do credit cards make money off of you?
By impacting your credit
By offering you discounts
By charging interest
By giving you a card
Revenue is.....
money going out of the business.
money earned from sales
taxes a company pays
money left over after paying bills
A loss is when....
Revenue is more than expenses
revenue is less than expenses
revenue is equal to expenses
none of the above
Profit is when...
revenue is more than expenses
revenue and expenses are equal
expenses are more
taxes are more
Opportunity costs are....
chances for you to make a good choice
expenses to a business
trade off of making one choice vs another
a want
You are creating a budget what should you include?
All sales
Income and expenses
fixed expenses only
taxes
What is a fixed expense?
Same expense each month at the same price
A expense that changes
Eating at restaurants
money that you put in the bank
Which one is a need?
Food
Smartphone
PS5
budget for shopping
Which is a want?
Food
Water
Shelter
Coffee
When going to college which one do you have to pay back?
Scholarship
Grant
Student Loan
Gifts
