Worksheets3/19- Quizizz- Financial Literacy
Total questions: 27
Worksheet time: 54mins
Which of the following is a reason to establish a good credit score?
It helps you get a loan.
It helps you get a better interest rates on loans.
It helps the borrower determine if a loan will be approved.
All of the above.
What does it mean when your employer matches your 401k contributions?
your employer contributes money without any limit
your employer takes money from your paycheck and puts it in your 401k
your employer burns your 401k
your employer contributes money as well up to a certain amount
IRA's are
Individual Retirement Accounts.
Integrated Retirement Accounts.
Inflation Resistant Accounts.
. Individual Retirement Authorities.
A 401k plan is a(n)
emergency fund
retirement plan
checking account
loan
Money that you owe for things like utilities (water, heat, electricity, etc.) and debt
check
withdraw
bills
A plan for how much you want to spend in different areas based on how much money you make.
budget
credit card
income
When you put money into one of your accounts at a bank or credit union.
check register
withdraw
deposit
A card that allows you to borrow money to buy something (up to a certain amount) and then pay it back later, plus interest.
debit card
expense
credit card
A signed paper that tells a bank or credit union to give someone a specific amount of money. It needs to be taken to a bank or credit union in order to be cashed (traded for cash) or put into an account.
check
credit card
deposit slip
to take out money from an account
withdraw
balance
deposit
The amount of money available in your account
Income
Balance
Void
A card that lets you use money from a checking account at a bank or credit union to pay for something.
debit card
credit card
balance
The money received from employment
Income
Check
Balance
True or False: Interest can both cost you money and/or earn you money
True
False
A type of auto insurance that protects against damages that aren't caused by a collision or crash is...
Comprehensive Coverage
Collision Coverage
Deductible Coverage
Liability Coverage
A document that details the type and amount of coverage your insurance offers is called...
Insurance Policy
Personal Injury Protection
Term Life Insurance
Principal
A calculation that divides the debt you have by the amount of money you make to produce a percentage that helps lenders decide your ability to pay back a loan.
Credit Report
Debt-to-Income Ratio
Deductible
Credit Score
The amount paid before a large purchase to reduce the loan amount and prove your interest and ability to make a purchase is...
Down Payment
Debt-to-Income Ratio
Exemption
Lease
The purpose of all types of insurance is to...
Provide protection against the unpredictable like car accidents or broken arms.
Protect you from identity theft
A claim is...
A request submitted to your insurance provider to help pay for covered expenses.
A type of auto insurance that protects against damage costs accrued by the policy holder.
The amount you'll need to pay before insurance kicks in a covers the rest of your costs.
Anything you spend money on, whether it is a necessity or a luxury.
A contract that lets you use some else's property for a specific rate and length of time is a...
Lease
Policy
Claim
Expense
What is the document that comes with your paycheck, showing how much you were paid and how much was withheld, called?
Paystub
Payment Calculations
Interest
Net pay
Net pay is...
The amount of pay you receive before taxes
The amount of pay you receive after taxes
The amount of pay you receive if you are a part time employee
The amount of pay you receive if you are a full time employee
Gross income is:
the total amount of money you earn before taxes and deductions are subtracted.
the amount of money you receive after decuctions are subtracted
the total amount of money you spend
sales taxes on items you buy
