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Savings & Loans

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

An additional discount when you purchase a product.

a)

Rebate

b)

Work Incentive

c)

Countable Resource

2.

Programs that the Social Security Administration offers to people with disabilities who are receiving SSI and/ or SSDI to help make it possible for them to explore work while still receiving health care and cash benefits.

a)

Rebate

b)

Work Incentive

c)

Countable Resource

3.

An asset not counted when Social Security determines eligibility for SSI or the state determines eligibility for Medical Assistance.

a)

Rebate

b)

Work Incentive

c)

Countable Resource

4.

A fee paid to use someone else’s money.

a)

Credit Union

b)

Bank

c)

Interest

5.

A nonprofit, community-based financial company that provides its members with checking and savings accounts, loans, financial education, access to debit cards, credit cards and online banking.

a)

Credit Union

b)

Bank

c)

Interest

6.

A for-profit financial institution that provides financial services to its customers. These services include such things as checking and savings accounts, access to loan products, debit cards, online banking and financial education.

a)

Credit Union

b)

Bank

c)

Interest

7.

A device that helps a person who has a disability do the things he or she wants to do.

a)

AT

b)

ID

c)

PIN

8.

This is a made-up name you use to identify yourself when you are signing into an account.

a)

AT

b)

ID

c)

PIN

9.

A secret code you use to gain access to the money in your accounts.

a)

AT

b)

ID

c)

PIN

10.

Money that you borrow and must repay.

a)

SSI

b)

Debt

c)

SSDI

11.

An earned benefit for people with significant disabilities who are no longer able to work. Funded through payroll taxes, so the amount you receive is based on how long you worked and how much you paid into the system.

a)

SSI

b)

Debt

c)

SSDI

12.

An unearned income benefit for adults and children with disabilities, and adults 65+, who have limited income and resources. Funded by general tax dollars and provides a cash benefit that pays for basic living needs.

a)

SSI

b)

Debt

c)

SSDI

13.

Money that you can borrow with the promise to repay it at a later date.

a)

Credit

b)

Revolving Credit

c)

Credit History

14.

A bank allows you to continuously borrow money up to a certain credit limit.

a)

Credit

b)

Revolving Credit

c)

Credit History

15.

A record of how well you have or have not managed your credit card and loan payments.

a)

Credit

b)

Revolving Credit

c)

Credit History