Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Finance REVIEW

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is a budget?

a)

A plan for how money will not be used

b)

A plan for how money will be used

c)

The amount you spend

d)

The amount you save

2.
Money that you make from your job is known as what?
a)
Income
b)
Credit
c)
Supply
d)
Demand
3.
Everyone makes choices about how to manage his or her money/income from a job. This is also known as what?
a)
Personal Finance
b)
Government
c)
Civics
d)
Geography
4.

A plan for making and spending your money wisely

a)

Balance

b)

Budget

c)

Bankruptcy

d)

Salary

5.

Money is taken from a savings or checking account to cover purchases using this card...

a)

Debit Card

b)

Credit Card

c)

Debit Card & Credit Card

6.

Which card would you use to "buy something now; pay for it later"?

a)

Debit Card

b)

Credit Card

c)

Debit Card & Credit Card

7.

What is the money one spends on bills or obligations called?

a)

income

b)

insurance

c)

salary

d)

expenses

8.

This is a good spending rule to follow:

Spend more than you make.

a)

True

b)

False

9.

Fixed amount you are paid over time

a)

Wage

b)

Salary

c)

Retirement

d)

Comission

10.

Money set aside for the future

a)

Budget

b)

Savings

c)

Expenses

11.
Sales tax is __________ to the price
a)
subtracted
b)
added
c)
multiplied
d)
divided
12.
The main difference between a credit card and debit card is
a)
A debit card requires that you have the cash available in the account; a credit card doesn't
b)
A credit card has the Visa or MasterCard logo; a debit card doesn’t
c)
A debit card does not offer the same protections as a credit card.
d)
A credit card requires that you have the cash available in the account, a debit card doesn't
13.

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?

a)

Credit Card

b)

Debit Card

c)

Prepaid Card

14.

Which part of a personal budget records the amount of money a person spends?

a)

salary

b)

income

c)

expenses

d)

  interest earned

15.

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What card did he use?

a)

credit card

b)

debit card

c)

rewards card

d)

gift card

16.
Once you have regular expenses which type of account will help you to manage your bills?
a)
Savings Account
b)
Checking Account
c)
Certificate of Deposit
d)
A mortgage
17.

Which of the following best describes income?

a)

Money given to a charity that helps others.

b)

Money received for completing a chore or task.

c)

Money received from a parent to pay for lunch.

d)

Money spent on new clothes and shoes for school.

18.

If the customer pays full balance on his/her credit card by the due date every month, he/she doesn't have to pay _____________.

a)

credit limit

b)

balance

c)

interest

d)

anything

19.

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 ___________

a)

credit limit

b)

balance

c)

interest

d)

late fee

20.

If the customer is late with a couple of payments when paying his/her credit card, what will happen?

a)

The credit limit will increase a lot

b)

The interest rate goes way up

c)

The complaint will be received

d)

The fine will be charged