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Worksheets

Finance

Total questions: 8

Worksheet time: 4mins

Name
Class
Date
1.

What is the best definition for payment?

a)

Petting a dog

b)

Borrowing money from someone

c)

Paying someone

d)

Person who lends money

2.

What is the best definition of budget?

a)

An estimate of income for a period of time.

b)

Paying someone

c)

A person who borrows money

d)

Borrowing money for a car

3.

What is the best definition for loan?

a)

Stealing from a bank

b)

Something borrowed that is expected to be paid back.

c)

Money set aside for an unplanned expense

d)

Paying someone

4.

What is the best definition for emergency fund?

a)

Money set aside for unplanned expenses

b)

Money that you spend every day

c)

Money that is used for video games

d)

Money used for eating at a restaurant

5.

What is the best definition for interest rate?

a)

How interested someone is in you

b)

How interested you are in someone

c)

Money set aside for unplanned expenses

d)

Amount a lender charges a borrower and is a percentage of the amount owed

6.

What is the best definition for Principal?

a)

A fast car

b)

A rabbit

c)

Original sum of money borrowed

d)

Person who lends money

7.

What is the best definition for lender?

a)

A person who borrows money

b)

A person who leads people

c)

A video game

d)

A person who lends money

8.

What is the best definition for borrower?

a)

Someone who lends money

b)

Someone who steals money

c)

A person who borrows money

d)

The name of my dog