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Worksheets

Financial Readiness

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What definition is the money we earn?

a)

Checks

b)

Income

c)

Expenses

d)

Budget

2.

What is a plastic card that allows you to borrow money up to a certain limit to make purchases?

a)

Debit Card

b)

Loan

c)

Credit Card

d)

Needs

3.

Define Budget

a)

The money we earn

b)

A bank account intended for saving of funds over time.

c)

All the money spent on various aspects of life

d)

A plan that helps you manage your money wisely

4.

What is the essentials for daily living, like food, shelter, and clothing- the must haves that keep you going

a)

Needs

b)

Wants

c)

Deposit

d)

Loan

5.

What is a bank account intended for the saving of funds over time.

a)

Checking account

b)

Savings account

c)

Unit price

d)

Checks

6.

What is the extras in life, the things that aren't necessary for survival

a)

Budget

b)

Wants

c)

Needs

d)

Expenses

7.

What is a bank account that is designed for frequent and everyday transactions.

a)

Savings account

b)

Credit Card

c)

Checking account

d)

Debit card

8.

What is a sum of money borrowed from a lender with an agreement to pay it back.

a)

Loan

b)

Deposit

c)

Checks

d)

Wants

9.

What is dividing the cost of an item by the quantity to determine the cost per unit.

a)

Wants

b)

Unit price

c)

checks

d)

Needs

10.

What is a record log where all transactions related to a bank account are recorded.

a)

Savings account

b)

Checking Account

c)

Account Register

d)

Loan