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Finance Vocab Review Assignment

Total questions: 30

Worksheet time: 3600secs

Name
Class
Date
1.

money that you add to your bank account

a)
deposit
b)

withdrawal

c)

discount

d)

balance

2.

money that you take out of your bank account

a)

deposit

b)

debit card

c)

credit card

d)

withdrawal

3.

A card that can be used to make purchases. It is linked to your bank account.

a)

ATM Card

b)

Gift Card

c)

Debit Card

d)

Credit Card

4.

A card that can be used to make purchases. Purchases made are paid for over time.

a)

ATM Card

b)

Gift Card

c)

Debit Card

d)

Credit Card

5.

A bank account that allows people to deposit and withdraw their money.

a)

Joint Account

b)

Checking Account

c)

Savings Account

6.

A bank account that earns interest

a)

Checking Account

b)

Savings Account

c)

Joint Account

7.

Money taken off the original cost

a)

Sale Price

b)

Sales Tax

c)

Discount

d)

Tip

8.

The amount of money that you have in your bank account

a)

Checking Account

b)

Check

c)

Deposit

d)

Balance

9.

A secret code that you need to use at the ATM

a)

Social Security Number

b)

PIN

c)

Debit Card

d)

Credit Card

10.

The amount of money you receive in your paycheck BEFORE any deductions

a)

Balance

b)

Net Pay

c)

Gross Pay

d)

Withdrawal

11.

The amount of money you receive in your paycheck AFTER deductions

a)

Discount

b)

Deductions

c)

Gross Pay

d)

Net Pay

12.

The smallest amount of money you must pay toward your credit card bill each month

a)

Checking Account

b)

Savings Account

c)

Minimum Payment

d)

Balance

13.

Money paid in addition to the amount borrowed or the money earned in a savings account

a)

Principal

b)

Discount

c)

Interest

d)

Credit Score

14.

The original sum of money borrowed or invested

a)

Interest

b)

Premium

c)

Policy

d)

Principal

15.

A monthly record of account transactions provided by your bank or credit card company

a)

Statement

b)

Premium

c)

Policy

d)

Balance

16.

A 3-digit number that tells lenders how credit worth a person is

a)

PIN

b)

Social Security Number

c)

Credit Score

d)

Debit Card

17.

An interest rate that remains the same while the loan is being repaid

a)

Adjustable Rate

b)

Fixed Rate

18.

An interest rate that can vary during the life of the loan

a)

Adjustable Rate

b)

Fixed Rate

19.

When someone steals your information and uses it without your permission

a)

Phishing

b)

Social Security Number

c)

Identity theft

d)

PIN

20.

A unique number assigned to each individual and used for identification purposes

a)

PIN

b)

Credit Score

c)

Premium

d)

Social Security Number

21.

When scam artists send out fake texts, emails or pop-up messages to get people to share information

a)

Policy

b)

Premium

c)

Phishing

d)

Identity Theft

22.

The monthly, bi-annually or annual payment for insurance coverage

a)

Policy

b)

Premium

c)

Beneficiary

d)

Principal

23.

The person or people designated to receive the death benefit when the insured person dies.

a)

Beneficiary

b)

Identify Theft

c)

Statement

d)

Joint Account

24.

A written document that serves as evidence of insurance coverage

a)

Statement

b)

Simple Interest

c)

Compound Interest

d)

Policy

25.

Putting money aside for future use

a)

Withdrawal

b)

Saving

c)

Deposit

26.

A bank account that is held by more than one person

a)

Checking Account

b)

Savings Account

c)

Joint Account

27.

Interest calculated on the principal amount or money borrowed

a)

Simple Interest

b)

Compound Interest

28.

Interest calculated on the principal amount AND interest

a)

Simple Interest

b)

Compound Interest

29.

A number at the bottom of a check indicating the bank it was issued from

a)

Account Number

b)

Routing Number

c)

Social Security Number

30.

A number at the bottom of a check that identifies your account

a)

Account Number

b)

Routing Number

c)

Social Security Number