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Worksheets

Coach O's financial literacy

Total questions: 20

Worksheet time: 15mins

Name
Class
Date
1.

What is Borrowed Money called? *

a)

Interest

b)

Loans

c)

Savings

d)

Investment

2.

Putting Money Away for Later *

a)

Savings

b)

Net Pay

c)

Loan

d)

Interest

3.

What you bring home after all your Deductions? *

a)

Gross Pay

b)

Savings

c)

Annual Pay

d)

Net Pay

4.

What you make before deductions?

a)

Gross Pay

b)

Savings

c)

Earned Income

d)

Net Pay

5.

When you keep track of your money.

a)

Spending

b)

Savings

c)

Earnings

d)

Budgeting

6.

Interest Paid Yearly

a)

Annual Percentage Rate (APR)

b)

Taxes

c)

Earnings

d)

Gross Pay

7.
My house payment is the same every single month. This is an an example of a....
a)
profit
b)
variable expense
c)
fixed expense
8.
Car payment
a)
Fixed
b)
Variable
9.
New pair of shoes
a)
variable
b)
fixed
10.
Movie ticket
a)
variable
b)
fixed
11.
Gwen bought an old table. She repaired it and painted, and then sold it. Gwen made this list about what she did.
• Price paid for old table: $10.00
• Cost to repair: $5.00
• Cost to paint: $7.50
• Selling price: $50.00
What was Gwen’s profit from selling the table?  
a)
$27.50
b)
$50.00
c)
$22.50
12.

An amount available or owed on an account.

a)

Accounts

b)

Balance

c)

Budget

d)

Cash

13.

An amount available or owed on an account.

a)

Accounts

b)

Balance

c)

Budget

d)

Cash

14.
The actions of depositing and withdrawing money.
a)
Microtransactions
b)
Saving Money
c)
Transactions
d)
Shoe Laces
15.
To put money into an account.
a)
Deposit
b)
Withdraw
c)
Savings for a chicken
d)
Interest for a cow
16.
What is credit?
a)
Money allocated to a specific account for future use by the consumer without borrowing
b)
Goods, services, or money received in exchange for a promise to pay a definite sum of money at a future date
c)
The ability and willingness of an individual to pay back a loan as perceived by the lender
d)
An individual’s character, capital, capacity, collateral and conditions
17.
Amount charged if your payment is received after the billing date
a)
late payment fee
b)
overdue fee
c)
withdrawal fee
d)
loser fee
18.

an amount of money parents regularly give children

a)

allowance

b)

candy

c)

spend

19.

What is emergency savings?

a)

Transferring money into your savings before you pay your bills

b)

Original amount of money saved or invested

c)

Cash set aside to cover the cost of unexpected events

d)

Maximizing your return by selling stocks at a higher price than what you paid for

20.

How much money should you save for emergencies?

a)

2 months worth of expenses

b)

6 months worth of expenses

c)

Cash in whatever stocks you have to pay for an emergency

d)

As a neighbor for a loan if needed