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Unit 6 Vocabulary

Total questions: 18

Worksheet time: 3hrs 0mins

Name
Class
Date
1.
  1. payment for goods and services

a)

Expense

b)

Model

c)

Good

2.

expenses that are consistent from month to month

a)

Cost

b)

Good

c)

Fixed Expenses

3.

expenses that vary in cost from month to month

a)

Expense

b)

Variable Expenses

c)

Good

4.

money earned or received

a)

Income

b)

Cost

c)

Product

5.

money that is made in a business after all the costs and expenses are paid

a)

Profit

b)

Cost

c)

Withdrawal

6.

an establishment that focuses on dealing with financial transactions such as investments, loans, and deposits

a)

Financial Institutions

b)

Cost

c)

Gift

7.

the amount a person pays for a product

a)

Cost

b)

Credit

c)

Borrow

8.

an item sold that can be touched

a)

Good

b)

Gift

c)

Spending

9.

a good or service

a)

Product

b)

Gift

c)

Saving

10.

the action of doing something for someone

a)

Service

b)

Credit

c)

Loan

11.

something given to a person for free

a)

Gift

b)

Credit

c)

Loan

12.

the amount of money a person is allowed to borrow to buy products with a promise to pay it back

a)

Credit

b)

Deposit

c)

Profit

13.

money given to someone with a promise to pay it back, usually with interest

a)

Loan

b)

Withdrawal

c)

Gift

14.

putting money aside to pay for something in the future

a)

Saving

b)

Deposit

c)

Profit

15.

to pay for a product using money

a)

Spending

b)

Borrow

c)

Deposit

16.

to use money from another person or bank to buy products

a)

Borrow

b)

Income

c)

Profit

17.

to take money out of a bank account

a)

Withdrawal

b)

Deposit

c)

Gift

18.

to put money in a bank account

a)

Deposit

b)

Withdrawal

c)

Gift