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WorksheetsMoney Money Money - Earnings, Saving and Interest
Total questions: 10
Worksheet time: 6mins
Interest is ...
How much you earn on savings in your bank account.
How keen you are to earn money.
The amount you pay on a principal loan.
How much money you can earn in an hour.
What is an hourly rate?
How many hours you need to work at a job.
How much you enjoy working for a whole hour.
The dollars per hour that you are paid for a job.
The amount of money you are paid for completing a job.
What is a deposit?
An amount of money you put into a bank account.
A donation at church.
What your pet dog leaves behind on the grass.
A mail-order catalogue.
Why do banks pay interest?
They are being generous.
They want to encourage people to bank with them.
They want to attract your money to their bank, so they can lend it to someone else.
They are curious about what you would do with your money.
What is a profit?
This is a financial gain.
The amount of extra money you make in a deal.
A religious leader who is inspired by God.
An amount of money you must pay the bank.
What is an everyday account?
An account where you have to make a transaction every day.
An account where you can make payments from.
An account where you can make a deposit.
An account where you earn interest every day.
Which of these facts are true about savings accounts?
You earn interest on your savings account.
You earn less interest if you make a withdrawal.
You need to make a deposit at least once a month.
Your money is not safe in a savings account.
What is the principal in financial terms?
The head of a school.
The total amount of money in your savings account.
Your beliefs and values.
The most important thing in a room.
The amount of money earned on the principal and interest earned is called...
Bank fee
Compound interest
Deposit
Withdrawal
What is the most important reason for you to earn money?
To have money to buy clothes and make-up.
To be able to do fun things like going to the movies or McDonalds.
To save up for an expensive item in the future.
To be able to buy presents for birthdays and at Christmas.
