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Worksheets

Personal Finance

Total questions: 25

Worksheet time: 16mins

Name
Class
Date
1.

An account attached to a debit card

a)

Checking Account

b)

Savings Account

c)

CD Account

d)

LR Account

2.

A bank account that earns interest and has no card attached.

a)

Checking Account

b)

Savings Account

c)

CD Account

d)

LR Account

3.

A card used to make purchase on credit. “Buy now, pay later.”

a)

Checking Account

b)

Savings Account

c)

Credit Card

d)

LR Account

4.

The amount of money paid either monthly or biweekly

a)

Income

b)

Salary

c)

Hourly Pay

d)

Deposit

5.

A set amount of income paid each month

a)

Income

b)

Salary

c)

Hourly Pay

d)

Deposit

6.

A set amount of income determined on how many hours an employee works

a)

Income

b)

Salary

c)

Hourly Pay

d)

Deposit

7.

A job taking a significant amount of time in a person's life

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

8.

A number that indicates how well a person repays loans or other bills.

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

9.

An additional amount charged to a loan expressed in a percent

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

10.

an estimate of income and expenditures

a)

Career

b)

Credit Score

c)

Budget

d)

Interest Rate

11.

Something you desire or wish for

a)

a "want"

b)

a "need"

12.

Something you need to sustain life

a)

a "want"

b)

a "need"

13.

Food

a)

a "want"

b)

a "need"

14.

Shelter

a)

a "want"

b)

a "need"

15.

iphone

a)

a "want"

b)

a "need"

16.

New Makeup

a)

a "want"

b)

a "need"

17.
Interest
a)
payment made for the use of borrowed money
b)
show attention
c)
 financial plan of revenue and expendtitures
d)
total amount of money owed
18.
Savings
a)
the dollars that become available for investors to use when others save
b)
give away
c)
gambling
d)
money  stored in your sock drawwe
19.
debt
a)
total amount of money owed
b)
short term US government IOU for a period of years.
c)
a payment card issued to users as a method of payment
d)
payment made for the use of borrowed money
20.
creditors
a)
persons or institutions to whom money is owed
b)
your parents
c)
 total amount of money owed
d)
short term US government IOU for a period of years.
21.
grant
a)
need-based financial aid that doesn’t have to be repaid.
b)
merit based award of financial aid for a student to further their education
c)
total amount of money owed
d)
persons or institutions to whom money is owed
22.

What is an emergency fund?

a)

A savings account set aside for unexpected situations.

b)

A way to invest for retirement.

c)

Something most people don't need, because emergencies are rare.

d)

An investment account that can grow over time.

23.

What is a budget?

a)

A type of savings account

b)

A way to invest for retirement

c)

A fund for emergencies

d)

A financial plan that defines expenses for a period of time.

24.
A sum of money to be used for a particular purpose.
a)
budget
b)
debit card
c)
credit card
d)
checking account
25.
A(n) _________occurs when withdrawals have gone over the available amount.
a)
overdraft
b)
statement
c)
cleared Check
d)
check Register