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Understanding Money (Girls, Inc)

Total questions: 16

Worksheet time: 12mins

Name
Class
Date
1.

A plan to keep track of your money.....

a)

Budget

b)

Bank

c)

Spending Spree

d)

Shopping

2.

Which is true about a personal budget?

a)

A budget is not helpful.

b)

A budget does not need to be done every month.

c)

A budget helps decide how to spend and save your money.

3.

A personal budget lets you know what expenses and income you have so you can make good financial decisions.

a)

True

b)

False

4.

A mortgage is a loan for...

a)

a car

b)

a house

c)

college

5.

Borrowing money to buy something big like a car or house.....

a)

Loan

b)

Help

c)

Taxes

d)

Bank

6.

A score for how well you use your money........

a)

Credit Score

b)

Horse

c)

Budget

d)

Savings

7.

Payments you make to the government........

a)

Pension

b)

Taxes

c)

Pocket Money

d)

Millions

8.

When you owe someone a sum of money your are in......

a)

Credit

b)

Favour

c)

Cat

d)

Debt

9.

A type of savings you can use when you retire......

a)

Bank

b)

Pocket Money

c)

401(k)

d)

Loan

10.

A small piece of a company like Coca Cola you can own......

a)

Savings

b)

Tea Cup

c)

Stock

d)

Present

11.

Money you have kept in a safe place like a bank or credit union.......

a)

Debt

b)

Pension

c)

Savings

d)

Loan

12.

All of the following words mean money you make or earn, EXCEPT which word?

a)

Wage

b)

Rent

c)

Paycheck

d)

Income

e)

Salary

13.

A fixed expense is one that stays the same from month to month.

a)

True

b)

False

14.

Which is a fixed expense?

a)

Rent

b)

Food

c)

Electric Bill

d)

Entertainment

15.

What is a check?

a)

An automated teller machine

b)

A plastic card that requires a pin number and is attached to your bank account

c)

Pre-printed form of payment that is attached to your bank account

d)

A form of savings

16.

Texas Woman's University saying includes...

a)

Boldly Go

b)

Pioneer Proud

c)

Educate a woman, empower the world

d)

Campus with a Heart