WorksheetsFinancial Literacy Review
Total questions: 15
Worksheet time: 8mins
Occurring or returning once a year; happens yearly
principal
annual
rate
credit card
The amount of funds available in an account
credit card
interest
balance
debt
A cooperative group that is like a private bank making loans to it's members at lower rates of interest.
principal
minimum
checking
credit union
The recording or entry made of a debt in an account.
rate
debit
income
balance
The ability to borrow or to buy goods and services with payment at a later time.
interest
minimum
income
credit
A plastic item that identifies a person as entitled to have food, merchandise or anything purchased in person or online, later billed on a charge account.
savings
checking
annual
credit card
The act of lending; temporary use of something with the promise of returning the balance in full.
loan
checking
debit
balance
The original amount of money being borrowed or lent to an individual.
balance
annual
loan
principal
The price paid for borrowing money for a load or on credit.
debit
interest
savings
loan
The percentage of the value of a balance or debt that one pays or is paid each time period (monthly).
credit
annual
checking
rate
Interest that is only payable on the principal amount; interest that is not compounded (multiplied daily).
credit card
simple interest
checking
rate
The least or smallest possible number, measure or quantity (amount).
debit
minimum
income
savings
The amount of money or it's equivalent received during a period of time in exchange or labor, work or services provided.
credit card
savings
income
debit
An account that draws interest at a private bank or credit union. This kind of account is typically not used for paying bills, daily purchases, etc.
credit card
debit
checking
savings
A written order to a bank to pay the amount detailed from funds in a current balance; can also be paid with a debit card from same account.
loan
principal
checking
savings
