wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Money Confident Kids Test

Total questions: 47

Worksheet time: 24mins

Name
Class
Date
1.

401(k) or 403(b)

a)

An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

b)

A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

c)

A place to put your money as in a bank, credit union or other financial instution.

d)

Money given to a person on a regular basis.

2.

Roth IRA

a)

An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

b)

A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

c)

A place to put your money as in a bank, credit union or other financial instution.

d)

Money given to a person on a regular basis.

3.

Account

a)

An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

b)

A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

c)

A place to put your money as in a bank, credit union or other financial instution.

d)

Money given to a person on a regular basis.

4.

Allowance

a)

An investment plan companies offer to save for retirement. Money is taxed when withdrawn, not invested.

b)

A personal investment plan to save for retirement. Money is taxed when invested, not withdrawn.

c)

A place to put your money as in a bank, credit union or other financial instution.

d)

Money given to a person on a regular basis.

5.

Asset

a)

Anything that has financial value.

b)

How your money is divided among stocks, bonds, short-term investments, and other assets.

c)

An asset issued by a company or government. A loan to the organization.

d)

A plan of how much money a person or business can spend, and how it will be spent.

6.

Asset Allocation

a)

Anything that has financial value.

b)

How your money is divided among stocks, bonds, short-term investments, and other assets.

c)

An asset issued by a company or government. A loan to the organization.

d)

A plan of how much money a person or business can spend, and how it will be spent.

7.

Bond

a)

Anything that has financial value.

b)

How your money is divided among stocks, bonds, short-term investments, and other assets.

c)

An asset issued by a company or government. A loan to the organization.

d)

A plan of how much money a person or business can spend, and how it will be spent.

8.

Budget

a)

Anything that has financial value.

b)

How your money is divided among stocks, bonds, short-term investments, and other assets.

c)

An asset issued by a company or government. A loan to the organization.

d)

A plan of how much money a person or business can spend, and how it will be spent.

9.

Credit Card

a)

Allows you to purchase things now and pay later. High interest rates are charged on purchases.

b)

Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

c)

Money you owe.

d)

Money put into your account.

10.

Credit Rating

a)

Allows you to purchase things now and pay later. High interest rates are charged on purchases.

b)

Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

c)

Money you owe.

d)

Money put into your account.

11.

Debt

a)

Allows you to purchase things now and pay later. High interest rates are charged on purchases.

b)

Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

c)

Money you owe.

d)

Money put into your account.

12.

Deposit

a)

Allows you to purchase things now and pay later. High interest rates are charged on purchases.

b)

Measures the probability you will pay a debt. Lower ratings means you will need to pay higher interest rates.

c)

Money you owe.

d)

Money put into your account.

13.

Diversification

a)

Having lots of different kinds of investments.

b)

Partial payment made at the time you make a purchase.

c)

Amount of money you pay for purchases such as food clothing rent and other bills.

d)

Deciding on the most important goals for your future and how you can achieve them.

14.

Down Payment

a)

Having lots of different kinds of investments.

b)

Partial payment made at the time you make a purchase.

c)

Amount of money you pay for purchases such as food clothing rent and other bills.

d)

Deciding on the most important goals for your future and how you can achieve them.

15.

Expenses

a)

Having lots of different kinds of investments.

b)

Partial payment made at the time you make a purchase.

c)

Amount of money you pay for purchases such as food clothing rent and other bills.

d)

Deciding on the most important goals for your future and how you can achieve them.

16.

Financial Planning

a)

Having lots of different kinds of investments.

b)

Partial payment made at the time you make a purchase.

c)

Amount of money you pay for purchases such as food clothing rent and other bills.

d)

Deciding on the most important goals for your future and how you can achieve them.

17.

Income

a)

Money regularly received from your job or investments.

b)

Group of companies that produce similar products or services.

c)

General increase in the price of goods and services.

d)

Helps protect you by paying your for losses due to fire, theft or injury.

18.

Industry Sector

a)

Money regularly received from your job or investments.

b)

Group of companies that produce similar products or services.

c)

General increase in the price of goods and services.

d)

Helps protect you by paying your for losses due to fire, theft or injury.

19.

Inflation

a)

Money regularly received from your job or investments.

b)

Group of companies that produce similar products or services.

c)

General increase in the price of goods and services.

d)

Helps protect you by paying your for losses due to fire, theft or injury.

20.

Insurance

a)

Money regularly received from your job or investments.

b)

Group of companies that produce similar products or services.

c)

General increase in the price of goods and services.

d)

Helps protect you by paying your for losses due to fire, theft or injury.

21.

Interest Earned

a)

Money paid to account holder as a percent of deposit.

b)

Money paid in addition to the principal borrowed as a percent borrowed.

c)

Putting money into assets to reach your financial goals.

d)

Anything you buy in hopes that it will increase in value.

22.

Interest Paid

a)

Money paid to account holder as a percent of deposit.

b)

Money paid in addition to the principal borrowed as a percent borrowed.

c)

Putting money into assets to reach your financial goals.

d)

Anything you buy in hopes that it will increase in value.

23.

Invest

a)

Money paid to account holder as a percent of deposit.

b)

Money paid in addition to the principal borrowed as a percent borrowed.

c)

Putting money into assets to reach your financial goals.

d)

Anything you buy in hopes that it will increase in value.

24.

Investment

a)

Money paid to account holder as a percent of deposit.

b)

Money paid in addition to the principal borrowed as a percent borrowed.

c)

Putting money into assets to reach your financial goals.

d)

Anything you buy in hopes that it will increase in value.

25.

Loan

a)

Money borrowed that needs to be paid back with interest.

b)

Something you don't need.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

26.

Luxury

a)

Money borrowed that needs to be paid back with interest.

b)

Something you don't need.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

27.

Mutual Fund

a)

Money borrowed that needs to be paid back with interest.

b)

Something you don't need.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

28.

Needs

a)

Money borrowed that needs to be paid back with interest.

b)

Something you don't need.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

29.

Index Fund

a)

Money borrowed that needs to be paid back with interest.

b)

Collection of different stocks combined to perform the same as a major indecies.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

30.

Target Date Fund

a)

Collection of different stocks bonds, and cash, balanced over time to decrease risk near maturity.

b)

Collection of different stocks combined to perform the same as a major indices.

c)

Collection of many different stocks, bonds and short term investments.

d)

Basic things necessary to live or do your job.

31.

Portfolio

a)

A group of investments you own. It should be diversified.

b)

Period in life after you stop working.

c)

Gain or loss from an investment.

d)

Likelihood of losing money on an investment.

32.

Retirement

a)

A group of investments you own. It should be diversified.

b)

Period in life after you stop working.

c)

Gain or loss from an investment.

d)

Likelihood of losing money on an investment.

33.

Return

a)

A group of investments you own. It should be diversified.

b)

Period in life after you stop working.

c)

Gain or loss from an investment.

d)

Likelihood of losing money on an investment.

34.

Risk

a)

A group of investments you own. It should be diversified.

b)

Period in life after you stop working.

c)

Gain or loss from an investment.

d)

Likelihood of losing money on an investment.

35.

Savings

a)

How much money you have in bank, brokerage and retirement accounts.

b)

Pays very low interest, but is a very safe place for you money.

c)

A share, or piece of ownership, in a company.

d)

Where shares of stock are bought and sold.

36.

Savings Account

a)

How much money you have in bank, brokerage and retirement accounts.

b)

Pays very low interest, but is a very safe place for you money.

c)

A share, or piece of ownership, in a company.

d)

Where shares of stock are bought and sold.

37.

Stock

a)

How much money you have in bank, brokerage and retirement accounts.

b)

Pays very low interest, but is a very safe place for you money.

c)

A share, or piece of ownership, in a company.

d)

Where shares of stock are bought and sold.

38.

Stock Market

a)

How much money you have in bank, brokerage and retirement accounts.

b)

Pays very low interest, but is a very safe place for you money.

c)

A share, or piece of ownership, in a company.

d)

Where shares of stock are bought and sold.

39.

Stockholder/Shareholder

a)

Person who owns a piece of a company

b)

Things you don't need to live or do your job.

c)

How long before you plan to spend your money on a goal.

40.

Want

a)

Person who owns a piece of a company

b)

Things you don't need to live or do your job.

c)

How long before you plan to spend your money on a goal.

41.

Time Horizon

a)

Person who owns a piece of a company

b)

Things you don't need to live or do your job.

c)

How long before you plan to spend your money on a goal.

42.

Short-Term Time Horizon

a)

Under 4 years

b)

5 - 10 years

c)

Longer that 10 years.

43.

Medium-Term Time Horizon

a)

Under 4 years

b)

5 - 10 years

c)

Longer that 10 years.

44.

Long-Term Time Horizon

a)

Under 4 years

b)

5 - 10 years

c)

Longer that 10 years.

45.

Matching: Mark all that apply.

a)

The best return on investment.

b)

Money your employer contributes to your retirement account.

c)

The most important thing Mr. Wolf said we should learn this Quarter.

d)

Wearing the same color as your friend.

46.

Fixed Interest Rate:

a)

Remains the same throughout the life of the loan.

b)

Moves up and down with current interest rates.

47.

Variable Interest Rate:

a)

Remains the same throughout the life of the loan.

b)

Moves up and down with current interest rates.