WorksheetsJA Final Test
Total questions: 21
Worksheet time: 7mins
What is the fee you pay to borrow money (like for a loan)?
Interest
Taxes
Bill
Salary
A bank is
For-profit
Not-for-profit
A credit union is
For-profit
Not-for-profit
Sharing passwords isn't a bad idea and can help you to remember them better
True
False
Buy now, pay now
Credit card
Gift card
Prepaid card
Debit card
Buy now, pay later
Debit card
Prepaid card
Gift card
Credit card
Financial institutions allow you to do your banking at home via
Portable banking
Internet banking
Mobile banking
Travel banking
While not impossible, it's harder to go into debt with a
Credit card
Debit card
An excellent credit score would be about
375
600
780
480
This card has rewards like cash back on purchases and airline miles
Debit card
Credit card
Prepaid card
Bank card
Using a credit card wisely can increase your credit score
True
False
When YOU have to pay interest (like on a loan), you want a
Low interest rate
High interest rate
When interest is being paid to you (like a savings account), you want a
Low interest rate
High interest rate
A Personal Identification Number (PIN) goes with this card
Social Security card
Credit card
Prepaid card
Debit card
An internet (online-only) bank has no physical locations but offers the same basic services (debit card, loans, etc.)
True
False
A high credit score means you are high risk to a lender
True
False
Storing passwords on your phone is smart because it's there if you can't remember
True
False
Gross income is
Money before taxes are taken out
Money after taxes are taken out
Money you make from working
Net income is
Money before taxes are taken out
Money after taxes are taken out
Money you make from working
An example of a fixed expense is
Groceries
Car payment
Shopping/
Entertainment
Electricity bill
Giving up one thing so you can get something else
Trade-off
Interest
Opportunity cost
Sacrifice
