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Financial Literacy Penn state glossary (1-2)

Total questions: 33

Worksheet time: 17mins

Name
Class
Date
1.

The interest-rate charged, expressed as a percent per year, for the use of credit

a)

assets

b)

bank

c)

annual percentage rate APR

d)

expenses

2.

possessions that have economic value

a)

atm

b)

Assets

c)

credit

d)

checking account

3.

a accompany chartered by state or federal government to offer numerous financial services

a)

Bond

b)

borrower

c)

Bank

d)

budget

4.

A certificate of indeptedness issued by a government or company, promising to repay, borrowed funds to the lender at a fixed rate of interest and predetermined intervals

a)

Bond

b)

compound interest

c)

borrowers

d)

Capital gains

5.

automated teller machine

a)

cashiers check

b)

Credit report

c)

Credit card

d)

ATM

6.

an individual, business, or a government that has received, and use something belonging to someone else, with the intention of returning or repaying it – often with interest in the case of borrowed money

a)

Capital gains

b)

Credit report

c)

borrower

d)

checking account

7.

A plan to manage income, spending and saving

a)

cash

b)

cashiers check

c)

certificate of deposit/CD

d)

budget

8.

A profit realized from the sale of property, stocks, or other investments

a)

Capital gains

b)

compound interest

c)

diversity

d)

Income

9.

money in the form of paper currency or coins

a)

Credit

b)

debit card

c)

cash

d)

Income

10.

A form of check bought for specific amount and paid to the person or firm named on the check.

a)

cashiers check

b)

check

c)

certificate of deposit/CD

d)

cash

11.

A certificate issued by a bank to a person, depositing money in an account for a specified period of time.

a)

check

b)

cashiers check

c)

certificate of deposit/CD

d)

installment plan

12.

A written order to a financial institution, directing the financial institution to pay a stated amount of money, as instructed, from the customers account

a)

check

b)

cashiers check

c)

checking account

d)

fixed expenses

13.

A financial account into which people deposit money, and from which they withdraw money by writing checks or using debit or ATM cards

a)

compound interest

b)

dividends

c)

Credit union

d)

Checking account

14.

a situation in which interest is earned on previously earned interest in such a way that earnings accumulate more rapidly overtime

a)

compound interest

b)

Credit report

c)

interest

d)

expenses

15.

borrowing to buy something with the promise to make payment at a later time

a)

Credit card

b)

Credit report

c)

debit card

d)

Credit

16.

A small, specifically coded, plastic card, issued by a bank, business, etc. authorizing the card holder to purchase goods and services on credit.

a)

Credit report

b)

Credit

c)

Credit card

d)

compound interest

17.

A written record, collected by a credit agency, that tracks a borrowers credit payment, whether or not these payments are made on a timely basis, and how long the borrower has had various credit accounts

a)

Credit report

b)

Capital gains

c)

FICO score

d)

Financial institutions

18.

not – four – profit, cooperatives of members with some type of common bond

a)

expenses

b)

FICO score

c)

inflation, risk

d)

Credit union

19.

A small, specially coded plastic card, issued by a bank, allows the card holder to transfer funds electronically, and immediately from his/her/they checking account, as if the card holder were written, a check to pay for a purchase.

a)

Credit card

b)

debit card

c)

grace. Period.

d)

Financial literacy

20.

to invest in a variety of financial assets, such as stocks, orange, money market, accounts, etc., in order to reduce the overall risk of financial investment

a)

diversity

b)

income

c)

installment plan

d)

Financial literacy

21.

A payment of apportion of a company’s net profit, which is periodically made to stockholders

a)

dividend

b)

FICO score

c)

Financial literacy

d)

grace. Period.

22.

payments for goods and services

a)

human capital

b)

FICO score

c)

expenses

d)

interest

23.

A mathematical model that assesses a persons, reliability in repaying borrowed funds

a)

finance charges

b)

FICO score

c)

human capital

d)

grace. Period.

24.

The interest paid on unpaid credit balances

a)

finance charges

b)

Financial institutions

c)

Financial literacy

d)

fixed expenses

25.

intermediaries that help channel friends from savers to borrowers

a)

finance charges

b)

income

c)

fix expenses

d)

Financial institutions

26.

Basic financial knowledge, including an understanding of banks in the banking system, financial markets, credit and credit cards, and tax laws, as well as the ability to apply this knowledge and making decisions on how to spend, earn, or save money today to build will for tomorrow

a)

six expenses

b)

interest

c)

Financial institutions

d)

Financial literacy

27.

expenses that are the same every month

a)

fixed expenses

b)

expenses

c)

grace. Period.

d)

interest

28.

The amount of time one has to pay a line of credit before there is financial charge

a)

human capital

b)

grace. Period.

c)

installment plan

d)

inflation, risk

29.

knowledge, skills, abilities, and talents some people acquire through experience, training, and education that help workers produce goods and services, and help determine their income producing capacity

a)

grace. Period.

b)

diversity

c)

Financial literacy

d)

human capital

30.

earnings that result from providing resources in the marketplace

a)

income

b)

Interest

c)

cashiers check

d)

Credit report

31.

The train stop the rate of inflation receive the rate of return on an investment, also, the risk that future earnings will have her do is purchasing power, because of an increase in an average price

a)

interest

b)

finance charges

c)

installment plan

d)

inflation risk

32.

Close the dash into loan for a specific products, such as furniture or appliances

a)

installment plan

b)

interest

c)

expenses

d)

diversity

33.

The price associated with using someone else’s money

a)

installment plan

b)

diversity

c)

interest

d)

income