WorksheetsFINANCIAL LITERACY
Total questions: 10
Worksheet time: 6mins
When money is put into a checking account it increases the account balance and is called a
Withdrawal
Deposit
When money is taken out of a checking account, it decreases the account balance and is called a
Withdrawal
Deposit
When you use money borrowed from a credit account with a card, it is called a
Debit Card
Credit Card
_____________ interest is the interest received from the savings and interest collected each year.
Compound
Simple
The loan that needs to be paid for buying a car is called _______________________
save
debt
interest
The savings that is not withdrawn on the first year will receive the ______________________ interest.
compound
simple
The money kept or deposited and can be used when necessary is ____________
saving account
investment account
The bank provides the convenience of ___________ so that we can postpone the payment of items purchased.
interest
debit
credit
saving
Purchasing via ____________ does not get us into debt.
cash
credit
(a) is the money used for a certain business that will give profit in the future . For example, in purchasing shares and becoming a cooperation member.
