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Money Skills - Keywords

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

What is credit?

a)

The ability to borrow money or access goods or services with the understanding that you'll pay later

b)

The ability to pay for things at a cheaper price

c)

The ability to buy multiple items at a cheaper price

d)

The ability to choose what shop you go to

2.

What is income tax

a)

Money paid on your property

b)

Money paid on your salary

c)

Money paid on top of food

d)

Money paid on death

3.

At what age do you get a national insurance number?

a)

18

b)

20

c)

15

d)

16

4.

What is a mortgage used for?

a)

Buying a car

b)

Buying a house

c)

Buying some clothes

d)

Buying a holiday

5.

Which of these is NOT a bank

a)

Barclays

b)

Santander

c)

Halifax

d)

County

6.

When do people typically use a pension?

a)

Throughout your life

b)

When you are sick

c)

When you have retired

d)

While you apply for a job

7.

What does a debit card do?

a)

Takes money straight from your bank account

b)

You use it to buy things on credit

8.

What does a credit card do?

a)

Takes money straight from your bank account

b)

You use it to buy things on credit