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7th Grade Ag Business Terms

Total questions: 12

Worksheet time: 4mins

Name
Class
Date
1.

A financial institution where money is kept

a)

Banking

b)

Bank

c)

Budget

d)

Currency

2.

Using a bank to manage your money

a)

Banking

b)

Currency

c)

Expenses

d)

Budget

3.

An outline of your plan for spending and saving

a)

Currency

b)

Expenses

c)

Budget

d)

Interest

4.

A card for making purchases with funds you borrow and pay back later

a)

Savings account

b)

Investment

c)

Credit card

d)

Debit card

5.

Coins, bills and other types of money

a)

Prepaid card

b)

Investment

c)

Banking

d)

Currency

6.

A card that allows you to make purchases with money from your checking account

a)

Debit card

b)

Savings account

c)

Prepaid Card

d)

Investment

7.

The money you spend regularly for items or services

a)

Expenses

b)

Investment

c)

Interest

d)

Loans

8.

An item or financial product that you expect to earn a profit on in the future.

a)

Interest

b)

Expense

c)

Loan

d)

Investment

9.

A fee you pay to borrow money or the payment you receive on savings

a)

Interest

b)

Investment

c)

Expense

d)

Loan

10.

Money that you borrow and pay back with interest over time

a)

Interest

b)

savings account

c)

Loan

d)

currency

11.

A payment card that you pre-load with your own money

a)

loan

b)

credit card

c)

prepaid card

d)

debit card

12.

An account with money you keep for future use

a)

savings account

b)

expenses

c)

currency

d)

budget