Worksheetsmoneys
Total questions: 7
Worksheet time: 4mins
What are checks?
All the money spent on various aspects of life
Written orders from an account holder to their bank to pay a specific amount of money to the person or business named
A record log where all transactions related to a bank account are recorded
Sum of money borrowed from a lender with an agreement to pay it back, typically with interest, over a specified period
What are variable expenses?
Expenses that are flexible and can change from month to month
Regular and predictable financial commitments that remain consistent from month to month
A plastic card that allows you to borrow money up to a certain limit to make purchases
A payment card that deducts money directly from a linked checking account when used for transactions
What is the definition of a withdrawal?
The act of adding money to a bank account, increasing the amount
A record log where all transactions related to a bank account are recorded
The act of taking money out of a bank account, decreasing the account balance
Regular and predictable financial commitments that remain consistent from month to month
What is an account register?
A record log where all transactions related to a bank account are recorded
A bank account intended for the saving of funds over time
The essentials for daily living, like food, shelter, and clothing
Diving the cost of an item by the quantity to determine the cost per unit
What is a deposit?
A payment card that deducts money directly from a linked checking account when used for transactions
The act of adding money to a bank account, increasing the amount
The act of taking money out of a bank account, decreasing the account balance
The money that we earn
What are needs and wants?
Needs are the things you need to live
Wants are the things you need to live
Needs are the things that you don't need to live
Wants are the things that you don't need to live
What is a debit card?
A bank account that is designed for frequent and everyday transactions
A payment card that deducts money directly from a linked checking account when used for transactions
A plastic card that allows you to borrow money up to a certain limit to make purchases
A plan that helps you manage your money wisely
