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Worksheets

Financial Fundamentals

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Any item that serves as a method of payment

a)

Inflation

b)

Finance

c)

Money

d)

Security

2.

activities involved with saving, investing, and using money by individuals, businesses, and government

a)

Inflation

b)

Finance

c)

Money

d)

Security

3.

a rise in the general level of prices

a)

Inflation

b)

Finance

c)

Money

d)

Security

4.

an investment issued by a corporation, government or other organism representing ownership or debt

a)

Inflation

b)

Finance

c)

Money

d)

Security

5.

a security representing ownership in a corporation

a)

Stock

b)

Liquidity

c)

Bond

6.

a debt that is borrowed by a company or a government

a)

Stock

b)

Liquidity

c)

Bond

7.

the ease and speed with which an investment can be converted into cash

a)

Stock

b)

Liquidity

c)

Bond

8.

the process of managing your managing your money to achieve personal economic satisfaction

a)

financial plan

b)

Personal financial planning

c)

personal financial goal

d)

opportunity cost

9.

A formal report with a summary of your current finacial situation along with plans for future financial activities

a)

financial plan

b)

Personal financial planning

c)

personal financial goal

d)

opportunity cost

10.

Every course of action you choose means you will give up something else

a)

financial plan

b)

Personal financial planning

c)

personal financial goal

d)

opportunity cost

11.

a desired outcome for financials planning

a)

financial plan

b)

Personal financial planning

c)

personal financial goal

d)

opportunity cost

12.

Commercial bank, savings and loan association, mutual saving bank, and credit union

a)

Non-deposit institutions

b)

Deposit institutions

c)

use of funds

d)

source of funds

13.

Life insurance company, investment company, consumer finance company, mortgage company, check-cashing outlet, and pawnshop

a)

Non-deposit institutions

b)

Deposit institutions

c)

use of funds

d)

source of funds

14.

Refers to the inflow of cash that can be used for paying various expenses.

a)

Non-deposit institutions

b)

Deposit institutions

c)

use of funds

d)

source of funds

15.

the daily operations of organizations also involve making payments for various business costs and other expenses.

a)

Non-deposit institutions

b)

Deposit institutions

c)

use of funds

d)

source of funds

16.

levied on the income of individual

a)

sales tax

b)

property tax

c)

income taxes

17.

based on the value of land and buildings

a)

sales tax

b)

property tax

c)

income taxes

18.

a state or local tax on goods or services that is collected by the seller

a)

sales tax

b)

property tax

c)

income taxes

19.

Debt security issued by a state or local government

a)

Municipal Bonds

b)

Tax revenue

20.

An example of government income

a)

Municipal Bonds

b)

Tax revenue