WorksheetsFinance REVIEW
Total questions: 20
Worksheet time: 10mins
What is a budget?
A plan for how money will not be used
A plan for how money will be used
The amount you spend
The amount you save
A plan for making and spending your money wisely
Balance
Budget
Bankruptcy
Salary
Money is taken from a savings or checking account to cover purchases using this card...
Debit Card
Credit Card
Debit Card & Credit Card
Which card would you use to "buy something now; pay for it later"?
Debit Card
Credit Card
Debit Card & Credit Card
What is the money one spends on bills or obligations called?
income
insurance
salary
expenses
This is a good spending rule to follow:
Spend more than you make.
True
False
Fixed amount you are paid over time
Wage
Salary
Retirement
Comission
Money set aside for the future
Budget
Savings
Expenses
Which type of card is a loan in which the lender will charge you interest if you do not pay off the balance each month?
Credit Card
Debit Card
Prepaid Card
Which part of a personal budget records the amount of money a person spends?
salary
income
expenses
interest earned
Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What card did he use?
credit card
debit card
rewards card
gift card
Which of the following best describes income?
Money given to a charity that helps others.
Money received for completing a chore or task.
Money received from a parent to pay for lunch.
Money spent on new clothes and shoes for school.
If the customer pays full balance on his/her credit card by the due date every month, he/she doesn't have to pay _____________.
credit limit
balance
interest
anything
If the customer didn't pay at least the minimum payment for the balance on his/her credit card, he/she will be charged with a ___________
credit limit
balance
interest
late fee
If the customer is late with a couple of payments when paying his/her credit card, what will happen?
The credit limit will increase a lot
The interest rate goes way up
The complaint will be received
The fine will be charged
