WorksheetsUnit 4: Financial Literacy
Total questions: 25
Worksheet time: 18mins
_ is the management of large amounts of money.
(a)
an agreement to lend money to institutions for a higher interest than a savings account
Checking Account
Stock
Bond
High Savings Account
Which of the following is an example of a fixed expense?
Car note
Takeout and food delivery expenses
Electric bill
Clothing and shoes
A _ is a a plan for spending money for specific purposes and periods of time
(a)
things you must have to survive like food and shelter are called _.
(a)
payment for work by the hour or task completed is called a
wage
salary
stipend
loan
Which career cluster includes occupations like machinists, welders, and automotive designers?
Architecture and Construction
Finance
Manufacturing
Human Services
Which career cluster includes occupations like economists and investment bankers?
Architecture and Construction
Finance
Manufacturing
Human Services
Which of the following refers to the amount of money that you can borrow
Debit
Minimum payment
Mortgage
Credit
Which of the following is an example of a salary?
$67,000/year
$17/hour
$1,500/project
9 to 5
_ is the percentage of the money borrowed that will be added to the amount that must be paid
(a)
Which of the following is money that you owe and need to pay back
Debit
Credit
Debt
Deposit
For the birthday party, I’d like to buy enough cake for 18 people. Cupcakes are $12 for 9 cupcakes. A sheet cake with 20 slices is $22.
Which is the better deal? Cake or cupcakes?
Cake
Cupcakes
Not enough information.
act of resisting an impulse to take an immediately available reward in the hope of obtaining a more-valued reward in the future long term.
Delay of Information
Delay of Gratitude
Delay of Gratification
Delay of Reward
dedication of money to purchase of an asset to attain an increase in value over a period of time.
Investment
Asset Allocation
Savings
Principal
the original sum of money borrowed in a loan or put into an investment.
Investment
Asset Allocation
Interest
Principal
the cost of borrowing money, where the borrower pays a fee to the lender for the loan.
Investment
Asset Allocation
Interest
Principal
a person who purchases goods and services for personal use.
(a)
A business that sells goods to the public in relatively small quantities for use or consumption rather than for resale is called which of the following:
Consumer
Creator
Retailer
Wholesaler
A business that sells goods to the public in relatively small quantities for use or consumption rather than for resale is called which of the following:
Consumer
Creator
Retailer
Wholesaler
Personal _ are your central beliefs or the priorities that guide your actions.
Beliefs
Motivations
Inspirations
Values
A company that sells goods in large quantities at low prices, typically for resale is called which of the following:
Consumer
Creator
Retailer
Wholesaler
Which of the following types of expenses frequency and amount changes depending on usage.
Fixed
Flexible
Variable
Volatile
What's the difference between net pay and gross pay?
Net pay is what you deposit into an account and gross pay is what you cash.
Gross pay is what you get from a full-time job and net pay is what you get from a part time job.
Net pay is your total paycheck and gross pay is what you take home after taxes.
Gross pay is your total paycheck and net pay is what you take home after taxes.
Which of the following is the best way to create a budget?
Create minimum savings goals that you must reach before you can buy any "wants."
Split your income in half: save 50% and spend 50%.
Divide your income into categories and plan how much you'll spend on each.
Decide a maximum amount that you can spend each week. Spend that amount however you want as long as you don't go over it.
