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Word of the Day Group 4

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is a money order?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The return by the government of excess taxes paid by an individual.

d)

The amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

2.

What are store cards?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The return by the government of excess taxes paid by an individual.

d)

The amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

3.

What is a tax refund?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The return by the government of excess taxes paid by an individual.

d)

The amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

4.

What is supply and demand?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The amount of a product which is available and the amount which is wanted by customers.

d)

The surplus remaining after total costs is deducted from total revenue.

5.

What is profit?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The amount of a product which is available and the amount which is wanted by customers.

d)

The surplus remaining after total costs is deducted from total revenue.

6.

What is a budget?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

An estimate of costs, revenues, and resources over a specified period.

d)

The surplus remaining after total costs is deducted from total revenue.

7.

What is windfall income?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

Any type of income that is unexpected.

d)

The surplus remaining after total costs is deducted from total revenue.

8.

What is rental income?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

A type of credit card that can be used to buy products on credit from a specific store.

c)

The amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

d)

The surplus remaining after total costs is deducted from total revenue.

9.

What is a paycheck?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

Wages paid to an employee of a business in the form of a written check or direct deposit to the employee's account.

c)

The amount of money collected by a landlord from a tenant or group of tenants for using a particular space.

d)

The surplus remaining after total costs is deducted from total revenue.

10.

What is net pay?

a)

A prepaid financial instrument allowing the individual named on the order to receive a specified amount of cash on demand.

b)

Wages paid to an employee of a business in the form of a written check or direct deposit to the employee's account.

c)

Amount left after all deductions are taken out.

d)

The surplus remaining after total costs is deducted from total revenue.