WorksheetsBanking
Total questions: 10
Worksheet time: 5mins
What is a career?
occupation that shows goals and forward progress
a position that helps meet short term goals
occupation that has little upward mobility
a position at your favorite establishment
What is fixed cost?
cost that should not be factored into a budget
cost that changes
cost that does not change
cost that does not affect a budget
What is variable cost?
cost that change depending on the frequency
cost that is consistent every month
cost that does not affect a budget
cost that does not change
What are some ways you can build wealth?
invest in the stock market
career starter loan
savings account
invest in real estate
What is debt?
money owed to lenders/creditors
money that is taken from a savings account
money that does affect your credit
money that is earned
What best describes a budget?
a plan of how to pay your bills
a spread sheet of your yearly income
a plan of how to invest
a way to build wealth
What is a checking account for?
daily expenses
depositing checks
withdrawing money
collecting interest
What is a a Certificate of Deposit (CD) account?
costumers agree to lock funds for a certain amount of time
costumers can transfer money between accounts
costumers can withdraw money
costumers have complete access to the account
What is not considered an investment?
savings account
CD account
checking account
home mortgage
What is an interest rate?
a complex formula that helps you earn money over time
a history of fixed expenses
a fixed amount that is owed yearly
a percentage based on an amount that compounds over time
