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WorksheetsFinancial Literacy (1)
Total questions: 15
Worksheet time: 16mins
Name
Class
Date
1.
Deciding how to spend your money before you actually spend it.
a)
Balance
b)
Copay
c)
Checking account
d)
Budget
2.
When you put money into a bank account for safe keeping, you are making a ...
a)
deposit
b)
withdrawal
c)
expenses
3.
The amount of money that you have in your bank account is known as a ...
a)
deposit
b)
balance
c)
withdrawal
4.
A video game is a
a)
Need
b)
Want
5.
A home
a)
Want
b)
Need
6.
money earned or received
a)
Expenses
b)
Income
c)
Deductions
d)
Check
7.
a card that can be used to borrow money from financial institutions,
a)
debit card
b)
credit card
c)
check card
d)
cash card
8.
a bankcard linked to an individual’s checking account
a)
debit card
b)
credit card
c)
check card
d)
electronic card
9.
Which of the following is considered an advantage to using a debit card to make purchases?
a)
Debit cards are convenient and easy to carry around.
b)
Purchases can be made quickly and easily.
c)
You can use many ATMs to get cash.
d)
All of the above.
10.
Mrs. Fanning bought a science kit at the store for $10. At the register, she was charged $10.85. The different between the price and what Mrs. Fanning paid is considered -
a)
income tax
b)
credit
c)
sales tax
d)
property tax
11.
Which method of payment may you have to pay interest?
a)
Cash
b)
Check
c)
Debit Card
d)
Credit Card
12.
What is a card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods or services?
a)
Credit card
b)
Debit card
c)
ATM (automated teller machine)
d)
Check
13.
A plan for spending
a)
income
b)
expenses
c)
sales tax
d)
budget
14.
Sales tax is __________ to the price
a)
subtracted
b)
added
c)
multiplied
d)
divided
15.
A place you write down your balance, withdrawals and deposit for an account
a)
Check Register
b)
Student Loan
c)
Grant
d)
Savings Plan
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