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WorksheetsCoop3rdQtr
Total questions: 30
Worksheet time: 10mins
These are used for a variety of reasons, from paying for wedding expenses to consolidating debt.
Personal Loans
Payday Loans
Pawnshop Loans
Payday Alternative Loans
This is the money an individual or business receives.
Income
Passive Income
Active Income
Capital
This is s the social standing or class of an individual or group.
Working-class
Middle class
Status
Wage status
The state of being extremely poor is called
Lower Class
Cycle of Poverty
Situational Poverty
Poverty
Are short-term, high-cost loans that are typically due by your next payday.
Personal Loans
Payday Loans
Pawnshop Loans
Payday Alternative Loans
Defined as salary earned from services.
Income
Passive Income
Active Income
Capital
They rely exclusively upon earnings from wage labour
Working-class
Middle class
Status
Wage status
Set of factors, or event by which poverty is once started is likely to continue unless there are outside interventions.
Poverty
Cycle of Poverty
Situational poverty
Generational poverty
It needs a trade for a year worth of time and skill-set for the amount of money
Income
Passive Income
Active Income
Salary
It is a socio-economic status that falls in between the working class and the upper class.
Poverty
Lower Class
Middle Class
Upper Class
This can be generally traced by a specific incident within the lifetime of the person or family member in poverty.
Poverty
Cycle of Poverty
Situational poverty
Generational poverty
This is another fast-cash borrowing option.
Personal Loans
Payday Loans
Pawnshop Loans
Payday alternative Loans
The money you earn in a way that doesn't require your effort.
Income
Passive Income
Active Income
Salary
This is composed of people who hold the highest social status, usually are the wealthiest members of class society.
Poverty
Lower Class
Middle Class
Upper Class
This factor is one of the biggest contributions to ending poverty.
Education
Work Hard
Marry a wealthy person
working
They have access to more health knowledge, better housing and nutrition, and better health care.
Upper class
Middle class
Higher Socioeconomic Status
Government employees
This form of passive income has a higher risk.
Rental Income
Online Course sales
Display Advertising
Affiliate Income
Are short-term, high-cost loans that are typically due by your next payday.
Personal Loans
Payday Loans
Pawnshop Loans
Payday alternative Loans
If you own a car, you may be able to take a _________
Planning Loan
Car Loan
Car Title Loan
Repairing Car Loan
This kind of loan does not require collateral.
Planning Loan
Personal Loan
Unsecured Personal Loan
Secure Loan Loan
Which of the following is a factor of Socio-Economic status.
Education
Wealth
Income
All of the above
A type of secured loan where your home is used as collateral to borrow a lump sum of money.
Personal Loan
Home Equity Loan
Personal Alternative Loan
Payday Loan
They are the people whose occupations include blue-collar jobs, some white-collar jobs, and most pink-collar jobs. Members of the working class rely exclusively upon earnings from wage labour.
Poverty
Lower Class
Middle Class
Upper Class
This kind of income is taxable.
Income
Passive Income
Active Income
Salary
Another name for Cycle of Poverty is --
Situational Poverty
Passive Poverty
Development Trap
Salary Trap
This is the amount of money you are borrowing.
Interest
Principal
Term
Payment
This kind of salary can be earned by serving at a restaurant, delivering furniture, and caddying at a country club,
salary
commission
tips
hourly wage
This socio-economic class is generally distinguished by immense wealth which is passed on from generation to generation.
poor
Lower Class
Middle Class
Upper Class
◦A cycle that passes from generation to generation.
Situational Poverty
Generational Poverty
Cycle of Poverty
Developmental Poverty
These services are two of the best ways to make an active income
Tips and Freelancing
Hourly wage and salary
Consultation and Freelancing
Commission and Tips
