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WorksheetsIntroduction to Personal Finance
Total questions: 15
Worksheet time: 8mins
Student loans can be subsidized (by the government) or unsubsidized, and cannot be discharged with bankruptcy.
true
false
Which budget item will most likely take up the largest percentage of your income at 25-30%?
transportation
housing
groceries
saving/investing
A person or business that offers loans at extremely high interest rates
entrepreneur
loan shark
creditor
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
Personal finance
Economy
A person or organization that uses a product or service
consumer
borrower
A fee paid by a borrower to the lender for the use of borrowed money.
bills
interest
A system by which goods and services are produced and distributed
economy
liabilities
The knowledge and skill set necessary to be an informed consumer and manage finances effectively
financial literacy
budgeting
The granting of a loan and the creation of debt; any form of deferred payment
annual fee
credit
Only a few people in America have the ability to become a millionaire.
True
False
Money earned
spend
income
purchase
