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Worksheets

Terms

Total questions: 12

Worksheet time: 22mins

Name
Class
Date
1.

Define income

a)

Revenue received for goods or services ,or from other sources. the money amount received from ones employment .

b)

used as a medium exchange of money

c)

the form or system of rule by which a state or community is governed

d)

all the above

2.

expense is a cost or (a)  

3.

a financial gain especially the difference between the amount earned and the amount spent in buying ,operating or producing something

a)

economics

b)

profit

c)

currency

d)

income

4.

what is a consumer?

a)

a person who purchases goods and services for personal use

b)

natural resources

c)

a minor change or addition designed to improve a text or legislation

d)

none of the above

5.

define economics

a)

the science that deals with production, distribution ,and the consumption of goods and services ,or the material welfare of humankind .

b)

something expected or required to do for moral or legal obligation

c)

all of the above

d)

a native or naturalized member of a state or nation .

6.

It's okay to only write the money amount in numbers. You don't have to write it in words too.

a)

True

b)

False

7.

When spelling out large numbers, use a hyphen to connect the two words. For example: twenty-two

a)

True

b)

False

8.

Never sign a blank check.

a)

True

b)

False

9.

It's safer to print instead of sign your name at the bottom of the check.

a)

True

b)

False

10.

what goes in the right hand corner of a check?

a)

who your paying to

b)

your signature

c)

dollar amount in word form

d)

the date

11.

Never sign a blank check.

a)

True

b)

False

12.

What is labeled number 5?

a)

Account number

b)

Routing number

c)

Amount in words

d)

Amount in numbers