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Worksheets

Personal Finance

Total questions: 18

Worksheet time: 9mins

Name
Class
Date
1.

A valuable resource that is owned by a person, company, or government in order to get an economic benefit.

a)

asset

b)

equity

c)

income

d)

budget

2.

A plan of your expected income and how you will use it to meet your expected expenses over a period of time

a)

income

b)

budget

c)

plan

d)

statement

3.

Expenses that are essential for you to be able to live and function

a)

wants

b)

cost of living

c)

needs

d)

variable expenses

4.

To sign the back of a check made out to you so it can be cashed or deposited

a)

signature line

b)

print

c)

endorse

d)

cash

5.

A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card

a)

maintenance

b)

annual percentage (APR)

c)

insurance

d)

interest

6.

To compare your bank's monthly account statement with your own records of activity for the same account

a)

balance

b)

negatives

c)

reconcile

d)

transactions

7.

Money you put into your account

a)

deposit

b)

balance

c)

income

d)

expense

8.

A set amount you are paid for every hour that you work; also called hourly pay

a)

hourly rate

b)

scale

c)

revenue

d)

credit

9.

A measurement of your assets minus your liabilities is ____________.

a)

spending money

b)

net worth

c)

liabilities

d)

payments

10.

The amount of money you have in your bank account

a)

balance

b)

deposit

c)

income

d)

credit

11.

A fixed amount that you are paid over a period of time, regardless of how many hours you work

a)

budget

b)

revenue

c)

wage

d)

salary

12.

Items or services you pay for such as rent, groceries, entertainment, bills, etc.

a)

credits

b)

expense

c)

liability

d)

revenue

13.

The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare; often used when comparing how expensive it is to live in one city versus another

a)

cost of living

b)

reason for being

c)

sweat equity

d)

personal interests

14.

A monthly fee that some banks charge to provide access to checking or savings accounts

a)

maintenance fee

b)

overdraft fee

c)

insurance premiums

d)

baseline accounts

15.

Protects the deposits of customers against loss up to $250,000 per account

a)

FDIC insurance

b)

life insurance

c)

home insurance

d)

renters insurance

16.

A card that is directly connected to your checking account; to make purchases instead of using cash

a)

Debit Card

b)

Savings Card

c)

Apple Pay

d)

Google Pay

17.

 A card that allows the holder to make purchases without cash by borrowing money

a)

Credit Card

b)

Debit Card

c)

Apple Pay

d)

Google Pay

18.

An automatic electronic deposit of net pay to an employee's designated bank account

a)

Direct Deposit

b)

Reverse Deposit

c)

Debit

d)

Credit Reversal