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WorksheetsYear 8 - L3 - Finance 1
Total questions: 39
Worksheet time: 47mins
Withdraw
Keeping track of money
Taking money out of bank account
Putting money in bank account
Income
Money earned from working
Putting money in a bank account
Tracking where you spend money
Deposit
Taking money out of your bank account
A plastic card used to make purchases
Putting money in your bank account
What does PIN stand for?
Personal Item Number
Personal Identification Number
Personal Item Name
Why should you keep your PIN safe?
To keep people from stealing your bank account info
To make sure you have income
To make withdraws from your checking account
A type of account that has two or more people on it
Savings account
Joint account
Checking account
What kind of account would you put money you are setting aside for emergencies or large purchases?
Savings account
Joint account
Checking account
A credit card __________________.
uses your money
uses borrowed money
A debit card _________________.
uses your money
uses borrowed money
Water
Want or Need?
Want
Need
Really nice car
Want or Need?
Want
Need
A Job
Want or Need?
Want
Need
Babysitting on the weekends to save money for university.
Sensible or unwise?
Sensible
Unwise
Which of the followings is the benefit(s) of saving?
Financial back-up
Preparation for retirement
Be financially independent
All of the above
Which of the following pairs of needs and wants is correct?
Needs - Desires for goods and services
Wants - Things we must have to survive
Needs - Luxury goods
Wants - Necessity goods
Needs - Things we must have to survive
Wants - Desires for good and services
Needs - Additional things in daily life
Wants - Basic things in daily life
Mrs. Adele is buying a new tie from Tie Rack. It says the tie costs £15.00 but there is a sign above it that says 25% off. How much will the tie cost?
£3.75
£18.75
£15.25
£11.25
If you receive 25% off an item costing £22.00, how much money do you save?
£5.50
£4.25
£6.00
£7.35
A £10 shirt is on sale for 25% off the price. What is the sale price of the shirt?
£7.50
£2.50
£12.50
£17.50
Robert has dinner at a restaurant and leaves a tip of £12.00. Robert's tip is 20% of the bill. What is the bill amount?
£60.00
£2.40
£72.00
£14.40
Discount is a percentage of the cost that is __________ from the total
Added
Subtracted
Multiplied
Divided
£75 dress shirt; 20% discount
What is the sale price?
£2.36
£70.20
£60.00
£20.00
£52 tie; 50% discount
What is the sale price?
£4.00
£6.00
£26.00
£50.00
In a video store, a DVD that usually sells for £15 is marked 10% OFF that price. What is the discount?
1.00
1.50
16.50
13.50
On a bank statement you might find the letters DD under payment type. What does it mean?
(a)
On a bank statement you might find the letters SO under payment type. What does it mean?
(a)
On a bank statement you might find the letters CHQ under payment type. What does it mean?
(a)
What kind of card can only be used to withdraw cash from an ATM?
(a)
What kind of card can used to withdraw your own money from an ATM and pay for purchases in a shop?
(a)
What kind of card can used to borrow money to pay for purchases in a shop?
(a)
