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Personal Finance Unit 2 Vocabulary

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

a voucher providing a discount for a particular item when purchased

a)
discount
b)
deal
c)
gift card
d)
coupon
2.

a deduction from the usual cost of something

a)
discount
b)
increase
c)
sale
d)
rebate
3.

a document acknowledging that a person has received money or property of a sale

a)
Invoice
b)
Receipt
c)
Voucher
d)
Contract
4.

a type of bank account that allows a person to deposit and withdraw money

a)
Credit card
b)
IRA account
c)
Checking account
d)
Savings account
5.

automatic teller machine- allows a customer to physically take out money from their bank account

a)
ATM
b)
ATP
c)
ATC
d)
ABM
6.

an amount of money you add to your bank account

a)
Withdrawal
b)
Interest
c)
Deposit
d)
Transfer
7.

amount of money you take out of your bank account

a)
deposit
b)
transfer
c)
interest
d)
withdrawal
8.

the practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price

a)
Expense evaluation
b)

Comparison shopping

c)
Cost analysis
d)
Price matching
9.

a spending plan based on income and expenses

a)
Budgeting
b)
Saving
c)
Income
d)
Spending
10.

a card issued by a bank allowing the owner to transfer money electronically when making a purchase

a)
Membership Card
b)
Gift Card
c)
Debit Card
d)
Credit Card
11.

a line of credit that can be used to make purchases, balance transfers and/or cash advances and requiring that you pay back the loan amount in the future

a)
Debit Card
b)
Personal Loan
c)
Savings Account
d)
Credit Card
12.

a type of bank account designed for saving money that you don't plan to spend right away

a)
credit card
b)
checking account
c)
investment account
d)
savings account
13.

paying off any outstanding debt, or sometimes more than one debt by means of consolidation into an organized payment schedule

a)

Payment plan

b)

Payment settlement

c)
Debt management
d)
Debt forgiveness
14.

the price you pay to borrow money or the return earned on an investment

a)
Principal
b)
Dividend
c)
Equity
d)
Interest