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WorksheetsWhat is Financial Literacy?
Total questions: 16
Worksheet time: 6mins
All of the following words mean money you make or earn, EXCEPT which word?
Wage
Salary
Income
Rent
Paycheck
A fixed expense is one that stays the same from month to month.
True
False
Which is a fixed expense?
Rent
Food
Electric Bill
Entertainment
A variable expense is one that changes from month to month.
True
False
Which is a variable expense?
Rent
Car Payment
Food
Insurance
What is a source of money you make?
Mortgage
Rent
Insurance
Wage
A personal budget lets you know what expenses and income you have so you can make good financial decisions.
True
False
Which is true about a personal budget?
A budget is not helpful.
A budget does not need to be done every month.
A budget helps decide how to spend and save your money.
What is a need?
An item you would like to have.
An item you have to have to survive.
What is a want?
An item you would like to have.
An item you have to have to survive.
Money borrowed from a bank.
debt
budget
loan
expense
A mortgage is a loan for...
a car
college
a house
What is debt?
Money that is owed.
Money that is received.
Debt can be good and bad.
True
False
What is a check?
An automated teller machine
A plastic card that requires a pin number and is attached to your bank account
A form of savings
Pre-printed form of payment that is attached to your bank account
