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Worksheets

Economics/Personal Finance

Total questions: 39

Worksheet time: 24mins

Name
Class
Date
1.

What is the term for the decisions individuals make in the management of their money?

a)

Personal Finance

b)

Corporate Finance

c)

Macroeconomics

d)

Public Policy

2.

What is the term for the money an individual acquires?

a)

Income

b)

Debt

c)

Expense

d)

Loan

3.

What is the term for the spending of some or all of income for various purposes?

a)

Expenses

b)

Savings

c)

Investments

d)

Revenue

4.

What is the term for essential costs for living and survival, such as food and shelter?

a)

Expense Needs

b)

Luxury Expenses

c)

Optional Savings

d)

Entertainment Costs

5.

What is the term for items or services that are not absolutely necessary, non-essential costs for luxury or enjoyment?

a)

Expense Wants

b)

Basic Needs

c)

Fixed Costs

d)

Essential Expenses

6.

What is the term for a negative bank balance due to excess withdrawal?

a)

Overdraft

b)

Deposit

c)

Dividend

d)

Cheque

7.

What is the term for a plan for income and expenses over time?

a)

Budget

b)

Invoice

c)

Receipt

d)

Loan

8.

What is the term for the cost of borrowing money or earnings on savings?

a)

Interest

b)

Dividend

c)

Tax

d)

Commission

9.

What is the term for providing financial security and emergency funds?

a)

Savings Importance

b)

Investment Planning

c)

Tax Evasion

d)

Loan Repayment

10.

What is the term for maintaining at least 3 months of expenses?

(a)  

11.

What is the term for money spent on something with the goal of making a profit, allocation of money to generate profit over time?

a)

Investment

b)

Expenditure

c)

Donation

d)

Expense

12.

What is the term for purchasing assets like stocks, bonds, or funds, putting money into something physical (such as real estate or real investments)?

a)

How to Invest

b)

How to Save

c)

How to Spend

d)

How to Borrow

13.

What is the term for the potential for profit but possible loss of capital?

a)

Investment Benefits/Risks

b)

Guaranteed Returns

c)

Fixed Income

d)

No-Risk Savings

14.

What is the term for a time deposit with fixed interest rate and term, made with a bank?

a)

Certificate of Deposit (CD)

b)

Savings Account

c)

Checking Account

d)

Money Market Account

15.

What is the term for investment in loaning money to the government with an end date, where you are paid back your principal plus interest?

a)

Bond

b)

Stock

c)

Mutual Fund

d)

Real Estate

16.

What is the term for shares representing ownership in a company?

a)

Stocks

b)

Bonds

c)

Debentures

d)

Mutual Funds

17.

What is the term for an individual or entity owning shares in a company?

a)

Shareholder

b)

Creditor

c)

Director

d)

Employee

18.

What is the term for the benefit of highest return on investment and the risk of being volatile and losing everything invested?

a)

Stock Benefits/Risks

b)

Bond Benefits/Risks

c)

Real Estate Benefits/Risks

d)

Savings Account Benefits/Risks

19.

What is the term for an investment vehicle pooling money for diversified assets such as many different stocks and bonds?

a)

Mutual Fund

b)

Certificate of Deposit

c)

Savings Account

d)

Credit Card

20.

What is the term for an arrangement where a buyer can take possession of something now and pay for it in the future, usually with interest?

a)

Credit

b)

Deposit

c)

Barter

d)

Lease

21.

What is the term for types of credit that include personal loans, mortgages, and credit cards?

a)

Types of Consumer Credit

b)

Types of Business Credit

c)

Types of Secured Credit

d)

Types of Investment Credit

22.

What is the term for reclaiming property due to unpaid debt?

a)

Repossess

b)

Donate

c)

Lease

d)

Insure

23.

What is the term for reflecting creditworthiness and affecting borrowing terms?

a)

Credit Score Importance

b)

Loan Tenure

c)

Interest Rate Cap

d)

Debt Consolidation

24.

Railroad use declined because of what?

a)

Steam Engine

b)

Trucks

c)

Subways

d)

Airplanes

25.

What synthetic fibers decreased the demand for cotton?

a)

Rayon

b)

Nylon

c)

Polyester

d)

Wool

26.

What other crops are NOT important for Georgia's economy?

a)

Vidalia Onions

b)

Apples

c)

Pecans

d)

Strawberries

27.

What was found at the Fall Line and became a billion dollar industry in Georgia?

a)

Broiler Chickens

b)

Kaolin

c)

Aerospace

d)

Tourism

28.

Which of the following is Kaolin NOT used for?

a)

Medicine

b)

Ceramics

c)

Paint

d)

Marble

29.

What synthetic fiber made carpets less expensive?

a)

Rayon

b)

Polyester

c)

Nylon

d)

Wool

30.

What is created at Lockheed Martin?

a)

Bell Bombers

b)

Modernized aircrafts for the aerospace industry

c)

Kia Engines

d)

Home Depot products

31.

Which of the following is NOT manufactured in Georgia?

a)

KIA

b)

Blue Bird Busses

c)

EZ- GO golf carts

d)

Granite

32.

What is the definition of service industry?

a)

A business that manufactures goods

b)

A business that does work for a customer

c)

A business provides goods

d)

A business that creates goods

33.

What are examples of service? Choose all that apply.

a)

Restaurants

b)

Hotels

c)

Insurance

d)

Banking

34.

What is the name of the cable network that started in Georgia?

a)

CBS

b)

TBS

c)

BST

d)

CNN

35.

What type of tournament is held in Augusta every year?

a)

Tennis

b)

Baseball

c)

Golf

d)

Soccer

36.

What type of impact does the convention and tourism industry have on Georgia?

a)

20 Billion Dollar

b)

40 Billion Dollar

c)

80 Billion Dollar

d)

30 Billion Dollar

37.

How much money should you always have in savings?

a)

1 month of expenses

b)

3 months of expenses

c)

8 months of expenses

d)

1 year of expenses

38.

Organize these options into the right categories

Categorize the following

Certificate of Deposit

Investment with a bank

Investment with government/bank

Investment as a shareholder in a business

Multiple stock from different investors pooled together

CD
Bond
Stock
Mutual Fund
39.

Match the categories for making a budget?​

a)

Essentials

1.

Things you can't live without.

b)

Security

2.

Increases your financial stability

c)

Goals

3.

Money set aside for future big expenses

d)

Lifestyle

4.

Navigate your social world

e)

Discretionary

5.

Treating Yourself