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Managing Your Money Vocab

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

A machine that allows individuals to complete certain transactions from the machine without human assistance

a)

Depository Institution

b)

Automated Teller Machine (ATM)

c)

Online Banking

d)

Checking Account

2.

An account that allows quick access to funds for transactions

a)

Credit Union

b)

Interest Rate

c)

Online Banking

d)

Checking Account

3.

For-profit depository businesses that offer financial services to both consumers and other businesses

a)

Debit Card

b)

Savings Tool

c)

Commercial Bank

d)

Interest

4.

Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk

a)

Credit Union

b)

Contactless Payment

c)

Mobile Banking

d)

Interest Rate

5.

Depository institutions that offer many banking services and are owned by their customers

a)

Credit Union

b)

Automated Teller Machine (ATM)

c)

Savings Account

d)

Interest

6.

A plastic card that is electronically connected to the cardholder's depository institution account

a)

Checking Account

b)

Online Banking

c)

Debit Card

d)

Commercial Bank

7.

Businesses that provide financial services

a)

Contactless Payment

b)

Interest Rate

c)

Savings Tool

d)

Depository Institutions

8.

The price paid for using someone else's money

a)

Interest

b)

Interest Rate

c)

Mobile Banking

d)

Credit Union

9.

The percentage rate used to calculate interest

a)

Savings Tool

b)

Interest Rate

c)

Debit Card

d)

Interest

10.

Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets, and other mobile devices

a)

Commercial Bank

b)

Mobile Banking

c)

Online Banking

d)

Debit Card

11.

Allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access

a)

Online Banking

b)

Mobile Banking

c)

Savings Account

d)

Commercial Banking

12.

An account at a depository institution that is designed to hold money not spent on current consumption

a)

Credit Union

b)

Automated Teller Machine (ATM)

c)

Savings Tool

d)

Savings Account

13.

Accounts offered by depository institutions whose main purpose is to help people manage their money

a)

Interest Rate

b)

Savings Account

c)

Depository Institution

d)

Savings Tool

14.

A group of people with common interests and concern for the common good

a)

Income Tax

b)

Community

c)

Unearned Income

d)

Taxpayer

15.

Money earned from working for pay

a)

Payroll Tax

b)

Taxes

c)

Earned Income

d)

Income Tax

16.

Taxes collected from the seller or retailer and as such often remaining "hidden" in the price of a product or service, rather than being listed separately

a)

Unearned Income

b)

Taxpayer

c)

Property Tax

d)

Excise Tax

17.

A ax on earned and unearned income

a)

Earned Income

b)

Income Tax

c)

Taxes

d)

Sales Tax

18.

Aa tax on earned income

a)

Payroll Tax

b)

Unearned Income

c)

Community

d)

Earned Income

19.

A tax onproperty, such as land, buildings (including homes), and automobiles

a)

Sales Tax

b)

Property Tax

c)

Taxpayer

d)

Excise Tax

20.

A tax on purchased goods and services

a)

Property Tax

b)

Payroll Tax

c)

Taxes

d)

Sales Tax

21.

A sum of money demanded by a government to support the government itself as well as specific facilities or services

a)

Taxes

b)

Excise Tax

c)

Taxpayer

d)

Sales Tax

22.

A person who pays a tax to national, state, county or municipal governments

a)

Unearned Income

b)

Community

c)

Taxpayer

d)

Excise Tax

23.

Income received from sources other than employment

a)

Earned Income

b)

Payroll Tax

c)

Income Tax

d)

Unearned Income