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Personal Finance Vocabulary

Total questions: 40

Worksheet time: 30mins

Name
Class
Date
1.

What does the acronym ATM stand for?

a)

Assistive Technology Manual

b)

Automated Teller Machine

c)

Automatic Time Mechanism

d)

At The Market

2.

What is the amount of money available in an account after making a transaction?

a)

Income

b)

Credit

c)

Deposit

d)

Balance

3.

What is the word for adding money into an account, or the money you put into an account?

a)

Withdrawal

b)

Currency

c)

Deposit

d)

Allowance

4.

What is the amount it costs to use money that is borrowed?

a)

balance

b)

interest

c)

salary

d)

expenses

5.

What is a bank's fee for taking care of an account?

a)

debt

b)

deduction

c)

monthly service charge

d)

balance

6.

A person who works in a bank that helps customers with deposits, withdrawals or check cashing is called a ________?

a)

manager

b)

teller

c)

assistant

d)

staffer

7.

What is it called when money is taken out of a bank account?

a)

deposit

b)

currency

c)

withdrawal

d)

wage

8.

Something that is approved, official or correct has been ________.

a)

Stamped

b)

Spoken

c)

Authorized

d)

Proven

9.

What is a form which lists the checks deducted from an account, deposits made, ATM uses and the account balance?

a)

Bank Statement

b)

Spreadsheet

c)

W-2

d)

Tax return

10.

What is the term for a check the bank pays and subtracts from your account?

a)

Fake check

b)

Credit

c)

Cancelled check

d)

Deposit

11.

Money in coins or bills such as a dollar bill or five-dollar bill is called _______.

a)

Interest

b)

Cryptocurrency

c)

Credit

d)

Currency

12.

What is the slip of paper that shows how much money you are depositing into your account?

a)

Receipt

b)

Deposit slip

c)

Money order

d)

Application

13.

What is it called when you sign your name on the back of a check?

a)

Forgery

b)

Petitioning

c)

Endorse

d)

Cancelled check

14.

What is a form that is used to ask for something?

a)

Signature card

b)

Bank Statement

c)

Questionnaire

d)

Application

15.

What is the term for money spent on various things that are needed or wanted?

a)

Expenses

b)

Budget

c)

Liabilities

d)

Finance

16.

What is the term for an expense that does not change or remains the same?

a)

Variable Expense

b)

Tax

c)

Fixed Expense

d)

Discretionary Expense

17.

What is the term for money received from working, investments or other sources?

a)

Expenses

b)

Credit

c)

Overtime

d)

Income

18.

What offers protection against loss or damage to property?

a)

Withholdings

b)

United Fund

c)

Insurance

d)

Union Dues

19.

What is the term for services you pay for such as electricity, gas, water or garbage pickup?

a)

Mortgage

b)

Utilities

c)

Appliances

d)

Layaway Plan

20.

What is the term for an expense that changes from time to time?

a)

Variable Expense

b)

Tax

c)

Fixed Expense

d)

Debt

21.

What is a plan for spending or saving money?

a)

Wage

b)

Budget

c)

Finance

d)

Mortgage

22.

What is a term for money that is owed?

a)

Balance

b)

Debt

c)

Savings

d)

Net Pay

23.

What is the term for moving money from one account to another?

a)

Finance

b)

Transfer

c)

Refund

d)

Balance

24.

What is a term for payments that are split over a period of time?

a)

Down Payment

b)

Refund

c)

Installments

d)

Principal

25.

What is the term for a loan to purchase a house or other building?

a)

Mortgage

b)

Down Payment

c)

Deduction

d)

Withholding

26.

What is the term for money that is paid toward the total price of an item

a)

Debt

b)

Down Payment

c)

Budget

d)

Wage

27.

What is a term for taking out a loan or signing a contract to purchase something?

a)

Finance

b)

Budget

c)

Transfer

d)

Salary

28.

What is the general term for someone who works for another person or business for pay?

a)

Manager

b)

Employee

c)

Confidant

d)

Agent

29.

What is the term for a fixed amount of pay for regular work?

a)

Wage

b)

Salary

c)

Stipend

d)

Overtime

30.

What is a term for a paper or card on which hours worked are recorded? (Hours can also be recorded electronically)

a)

Balance Sheet

b)

Time Card

c)

Application

d)

Deposit Slip

31.

What is the term when someone works beyond regular work hours? (Usually over 40 hours a week)

a)

Wage

b)

Salary

c)

Overtime

d)

Gross Pay

32.

What is the term for the amount a person is paid for work? (Typically hourly pay)

a)

Allowance

b)

Wage

c)

Tax

d)

Withholdings

33.

What is the term for an amount that is subtracted from your paycheck for a tax, benefit, service or membership?

a)

Salary

b)

Paycheck

c)

Deduction

34.

What is the term for the check stub attached to your paycheck that lists gross pay, deductions and net pay?

a)

Application

b)

Earnings Statement

c)

Deposit Slip

d)

Time Card

35.

What is the term for the amount of pay earned before deductions are taken out?

a)

Salary

b)

Gross Pay

c)

Net Pay

d)

Tax

36.

What is the term for the amount of pay received after deductions have been taken out?

a)

Salary

b)

Gross Pay

c)

Net Pay

d)

Tax

37.

What is the term for the paycheck deduction that goes to the national treasury or the state treasury?

a)

Tax

b)

Health Insurance

c)

United Fund

d)

Union Dues

38.

What is the government plan that makes support payments to older people? (Also called FICA)

a)

Disability Insurance

b)

Social Security

c)

Federal Income Tax

d)

United Fund

39.

What is the type of insurance that pays for the repair of your car after an accident

a)

Deductible

b)

Comprehensive

c)

Collision

d)

Liability

40.

What is type of insurance pays for other people's injuries and property damage if you caused the accident

a)

Liability

b)

Collision

c)

Deductible

d)

Comprehensive