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Personal Finance Vocabulary

Total questions: 11

Worksheet time: 6mins

Name
Class
Date
1.

Anything of value that is owned by an individual

a)

Asset

b)

Consumer

c)

Budget

d)

Interest

2.

A monthly plan for how you are going to save and spend you income

a)

budget

b)

net worth

c)

Simple Interest

d)

Asset

3.

an obligation to repay borrowed money

a)
credit
b)
loan
c)
debt
d)
asset
4.

a person or organization that purchases a product or service

a)

interest

b)
client
c)
consumer
d)

renter

5.

Anything you owe; a debt

a)

Liability

b)
Asset
c)
Credit
d)
Loan
6.

the total value of a person's assets (things owned) minus their liabilities (things owed)

a)

Net worth

b)

Profit

c)

Income

d)

Assets

7.

All the money decisions a person or family makes including earnings, budgeting, saving, spending, and planning for the future

a)
Personal finance
b)
Money planning
c)
Economic strategy
d)
Financial management
8.

Interest paid only on the principal investment

a)
Amortized interest
b)
Compound interest
c)
Simple interest
d)
Accrued interest
9.

interest paid on an investment and on any interest previously earned

a)
Simple interest
b)
Compound interest
c)
Accrued interest
d)
Interest rate
10.

Money put into an account intended for growth

a)
Savings
b)
Investment
c)
Spending
d)
Donation
11.

A federally recognized, tax-exempt organization such as a church, hospital, charity, or school that serves the public in some capacity

a)
For-profit Organization
b)
Private Individual
c)
Government Agency
d)
Nonprofit Organization