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Worksheets

Coop3rdQtr

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

These are used for a variety of reasons, from paying for wedding expenses to consolidating debt.

a)

Personal Loans

b)

Payday Loans

c)

Pawnshop Loans

d)

Payday Alternative Loans

2.

This is the money an individual or business receives.

a)

Income

b)

Passive Income

c)

Active Income

d)

Capital

3.

This is s the social standing or class of an individual or group.

a)

Working-class

b)

Middle class

c)

Status

d)

Wage status

4.

The state of being extremely poor is called

a)

Lower Class

b)

Cycle of Poverty

c)

Situational Poverty

d)

Poverty

5.

Are short-term, high-cost loans that are typically due by your next payday.

a)

Personal Loans

b)

Payday Loans

c)

Pawnshop Loans

d)

Payday Alternative Loans

6.

Defined as salary earned from services.

a)

Income

b)

Passive Income

c)

Active Income

d)

Capital

7.

They rely exclusively upon earnings from wage labour

a)

Working-class

b)

Middle class

c)

Status

d)

Wage status

8.

Set of factors, or event by which poverty is once started is likely to continue unless there are outside interventions.

a)

Poverty

b)

Cycle of Poverty

c)

Situational poverty

d)

Generational poverty

9.

It needs a trade for a year worth of time and skill-set for the amount of money

a)

Income

b)

Passive Income

c)

Active Income

d)

Salary

10.

It is a socio-economic status that falls in between the working class and the upper class.

a)

Poverty

b)

Lower Class

c)

Middle Class

d)

Upper Class

11.

This can be generally traced by a specific incident within the lifetime of the person or family member in poverty.

a)

Poverty

b)

Cycle of Poverty

c)

Situational poverty

d)

Generational poverty

12.

This is another fast-cash borrowing option.

a)

Personal Loans

b)

Payday Loans

c)

Pawnshop Loans

d)

Payday alternative Loans

13.

The money you earn in a way that doesn't require your effort.

a)

Income

b)

Passive Income

c)

Active Income

d)

Salary

14.

This is composed of people who hold the highest social status, usually are the wealthiest members of class society.

a)

Poverty

b)

Lower Class

c)

Middle Class

d)

Upper Class

15.

This factor is one of the biggest contributions to ending poverty.

a)

Education

b)

Work Hard

c)

Marry a wealthy person

d)

working

16.

They have access to more health knowledge, better housing and nutrition, and better health care.

a)

Upper class

b)

Middle class

c)

Higher Socioeconomic Status

d)

Government employees

17.

This form of passive income has a higher risk.

a)

Rental Income

b)

Online Course sales

c)

Display Advertising

d)

Affiliate Income

18.

Are short-term, high-cost loans that are typically due by your next payday.

a)

Personal Loans

b)

Payday Loans

c)

Pawnshop Loans

d)

Payday alternative Loans

19.

If you own a car, you may be able to take a _________

a)

Planning Loan

b)

Car Loan

c)

Car Title Loan

d)

Repairing Car Loan

20.

This kind of loan does not require collateral.

a)

Planning Loan

b)

Personal Loan

c)

Unsecured Personal Loan

d)

Secure Loan Loan

21.

Which of the following is a factor of Socio-Economic status.

a)

Education

b)

Wealth

c)

Income

d)

All of the above

22.

A type of secured loan where your home is used as collateral to borrow a lump sum of money.

a)

Personal Loan

b)

Home Equity Loan

c)

Personal Alternative Loan

d)

Payday Loan

23.

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.

a)

Poverty

b)

Lower Class

c)

Middle Class

d)

Upper Class

24.

This kind of income is taxable.

a)

Income

b)

Passive Income

c)

Active Income

d)

Salary

25.

Another name for Cycle of Poverty is --

a)

Situational Poverty

b)

Passive Poverty

c)

Development Trap

d)

Salary Trap

26.

This is the amount of money you are borrowing.

a)

Interest

b)

Principal

c)

Term

d)

Payment

27.

This kind of salary can be earned by serving at a restaurant, delivering furniture, and caddying at a country club,

a)

salary

b)

commission

c)

tips

d)

hourly wage

28.

This socio-economic class is generally distinguished by immense wealth which is passed on from generation to generation.

a)

poor

b)

Lower Class

c)

Middle Class

d)

Upper Class

29.

◦A cycle that passes from generation to generation.

a)

Situational Poverty

b)

Generational Poverty

c)

Cycle of Poverty

d)

Developmental Poverty

30.

These services are two of the best ways to make an active income

a)

Tips and Freelancing

b)

Hourly wage and salary

c)

Consultation and Freelancing

d)

Commission and Tips