WorksheetsPersonal Finance Vocabulary
Total questions: 16
Worksheet time: 27mins
Emma is looking to invest her savings in a bank account. She wants to know the percentage rate that shows how much interest she would earn after a full year. This rate is called _________.
Annual Percentage Yield (APY)
Simple Interest Rate
Monthly Percentage Rate (MPR)
Compound Growth Rate
Olivia runs a small bakery. At the end of the month, she calculates the difference between what her bakery has earned and what it owes. This number is called the _________.
Bottom Line
Revenue
Asset
Gross Sales
Nora wants to open a savings account that earns a higher interest rate than a traditional savings account. What kind of account should she open?
High-Yield Savings Account
Checking Account
Money Market Fund
Certificate of Deposit
Fill in the blank: Daniel wants to save more money, so he looks for a benefit or reason to do so, such as earning interest. This benefit is called an _________.
Incentive
Expense
Deduction
Obligation
Avery deposited some money into a savings account. The money originally deposited into the account is called ________.
Principal
Interest
Dividend
Revenue
Scarlett is working on a project to understand how people view a company. She finds that the collective perception of a brand by customers, employees, partners, and others is known as ________.
Brand Reputation
Brand Logo
Brand Slogan
Brand Product
The price a product could sell for in the future is called its ________.
Resale Value
Depreciation
Cost Price
Market Share
Ava noticed that her favorite social media influencer endorsed a new skincare product. The impact of such influencer endorsement and product placement on Ava's purchasing decisions is called ________.
Social Media Influences
Brand Loyalty
Impulse Buying
Viral Marketing
Ethan recently bought a new smartphone. What is a guarantee that the manufacturer or seller will repair or replace the smartphone if it turns out to be defective within a certain timeframe called?
Warranty
Invoice
Receipt
Guarantee Card
What is a contract that allows you to borrow someone's property for a specified amount of time and money called?
Lease
Gift
Sale
Mortgage
Match
A for-profit institution that offers personal loans, mortgages, and other services.
Bank
A not-for-profit cooperative that offers bank services and is owned by its members
Credit Union
An electronic way to view account activity and pay bills via the Internet and an institution’s website.
Online Banking
A person to person (P2P) payment app that lets individuals quickly send and receive money
Cashap / Zelle
A Web-only bank.
Internet Bank
Match
A fee received or paid for the use of money.
Interest
The value of the next best alternative when a decision is made.
Opportunity Cost
Fees charged for exceeding the available balance in an account.
Overdraft Fees
A penalty for writing a check without sufficient funds.
Bounce Check
An amount paid to the government to pay for services and programs
Tax
Match
A score between 300 and 850 that's compiled by considering someone's borrowing history and represents their creditworthiness to potential lenders
Credit Score
A type of card that allows you to borrow money up to a certain limit to make purchases
Credit Card
A card that allows you to spend money you have in your bank account
Debit Card
The amount of money you can take out of your account
Withdrawal
The amount of money you can put into your account
Deposit
Match
A transaction account that allows you to use a debit card or check to buy things with money from the account.
Checking Account
An account meant to help encourage you to save money by paying you interest.
Savings Account
Federal Deposit Insurance Corporation. An agency in the federal government that insures deposits in banks and examines their safety for customers.
FDIC
Match
Expenses that vary from month to month, like money spent on groceries, entertainment clothing, and more
Variable Expense
Expenses that remain constant each month, such as rent or mortgage payments
Fixed Expense
The amount you can sell an asset for after being used
Resale Value
The original amount of a loan or investment
Principal
Aiden is shopping for groceries and wants to compare the cost of different brands of rice. He looks at the price per pound to determine which brand offers the best value. What is this price per pound called?
Unit Price
Sales Price
Store Price
Fair Price
