WorksheetsFinancial Literacy: Personal Finance Basics
Total questions: 10
Worksheet time: 5mins
What is the term for a generous gift of money or time to a person or organization?
Fixed Income
Charitable Donation
Variable Expense
Nonprofit
A bill, such as a utility bill, which is a different amount each month is known as a ______.
Fixed Expense
Variable Expense
Discretionary Expense
Take-home Pay
What is the term for a log of deposits and withdrawals from a checking account?
Closing Balance
Checkbook Register
EFT
Reconciliation
EFT is an acronym for ________.
Electronic Fund Transfer
Electronic Financial Transaction
Easy Fund Transfer
Electronic Fund Transaction
What are dividends?
Earnings paid to shareholders by a company from its profits
Profit made from investment
One-way payment of money for which no service or good is exchanged
None of the above.
Capital Gain is a ______.
One-way payment of money for which no service or good is exchanged
Profit made from investment
Earnings paid to shareholders by a company from its profits
None of the above
Transfer Payments refer to: A) Profit made from investment B) Earnings paid to shareholders by a company from its profits C) One-way payment of money for which no service or good is exchanged D) All of the above.
Profit made from investment
Earnings paid to shareholders by a company from its profits
One-way payment of money for which no service or good is exchanged
All of the above
Which of the following is a tax-deductible gift:
stocks
vacation home
charitable donation
inherited items
Why is it important to save money?
To spend more on luxury items
To have funds available for future needs or emergencies
To lend money to friends
To pay more taxes
What is a simple definition of personal finance?
The study of government economies
Managing a company's finances
Managing your money, including saving and investing
The process of borrowing money from banks
