WorksheetsBanks, Credit, Economy
Total questions: 13
Worksheet time: 26mins
_______ _______ helps people control their finances and use credit wisely
(a)
The fee charged for the right to borrow money is called (a) .
(a) describes the rise of prices over time.
(a) is a medium of exchange that sets a common standard of value
People who take risks to start a new business are called (a) .
Coins and paper money printed by the government is called (a) .
A withdrawal is also known by the following:
credit
debit
deposit
Another term for deposit is:
withdrawal
credit
debit
What is the difference between a good loan and a bad loan?
Why is taking a loan out for a trip to Disney Land a bad financial choice?
When considering whether or not take out a college loan what are the financial factors you should consider first?
Terrell has been saving for a new laptop for the past six months and now has $1,700 in his checking account. He has done his research and found a model that experts say will more than meet his needs. But new, it costs $3,000. He also found a refurbished version of the same computer with all the same features online for $1,500. The refurbished laptop comes with a warranty, and Terrell has had no problems with another refurbished item he previously bought from the same company last year. Terrell's third option is a different brand-new laptop that costs $1,800 and has all of the features he needs – but not all of the features he wants. Terrell just received both a debit and credit card. Which computer option makes the best financial sense?
Maria received $500 from her grandparents for graduation. She has been wanting to buy a new watch and some new clothes before she heads off to a new school in the fall. However, she also wants to buy a new oboe that costs $1,000. Maria is pretty certain that if she continues to play the oboe in the high school band that she can qualify for a big scholarship to college. Maria thinks that if she uses her graduation money to buy the watch and clothes, she can still save enough money from summer babysitting to buy the oboe, but she’s not sure. Should she use her pre-approved line of credit to make the purchase or wait?
