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WorksheetsPersonal Finance Review
Total questions: 22
Worksheet time: 44mins
The cost (or fee) to borrowed money, usually expressed as a percentage.
Debt (Credit)
What is a budget?
A plan for how money will not be used
A plan for how money will be used
The amount you spend
The amount you save
What are stocks?
sharing something
A small ownership share in a company
A graph with pointy arrows that are red and green
What is financial investment?
putting money into things like stocks and retirement accounts as a way to make money in the future
Putting things into physical things
The first Amendment
wants=survival
wants=other things
A plan for making and spending your money wisely
Balance
Budget
Bankruptcy
Salary
Money taken from your income and paid to the government to help your community or country
Taxes
Expenses
Wages
Income
The money paid to an insurance company to purchase a policy
Premium
Policy
Insurance
Risk
Deductible
Which is the correct type of insurance that would be used: Sally is not feeling well so her mother takes her to the doctor. The doctor tells her she has strep throat, gives her medication, and sends her home to recover. What type of insurance would be used in this case?
Property and liability
Health
Life
Disability
Workers’ compensation
Which is the correct type of insurance that would be used: Joey’s father is in a car accident and cannot work. What type of insurance replaces his father’s earnings?
Property and liability
Health
Life
Disability
Workers’ compensation
Liability insurance covers accidental harm that may be caused to other people or property.
True
False
Identify a mistake people make
They do not keep track of the money they spend
They forget to save money
They buy things impulsively
They ignore their budget
All answers listed are mistakes people make!
Money is taken from a savings or checking account to cover purchases using this card...
Debit Card
Credit Card
Debit Card & Credit Card
Which card would you use to "buy something now; pay for it later"?
Debit Card
Credit Card
Debit Card & Credit Card
What is the money one spends on bills or obligations called?
income
insurance
salary
expenses
This is a good spending rule to follow:
Spend more than you make.
True
False
