WorksheetsUnit 4 Vocabulary - Financial Literacy
Total questions: 30
Worksheet time: 22mins
The yearly interest rate charged on borrowed money. Expressed as a percentage and indicates how much interest the borrower will pay over the course of a year. Fill in the blank: _________.
Annual percentage rate
Principal amount
Maturity value
Compound frequency
Any resource that holds value, contain value that can be converted to money. Fill in the blank: _________.
Asset
Liability
Expense
Revenue
A formal banking relationship established to provide for depositing or withdrawing money. Fill in the blank: _________.
bank account
credit card
loan agreement
safe deposit box
A legal status that a person or entity can enter when they’re unable to repay their debts. Carries significant financial consequences. Fill in the blank: _________.
Bankruptcy
Inheritance
Mortgage
Dividend
A systematic plan for the spending of a usually fixed resource, such as money or time, during a given period. Fill in the blank: _________.
budget
receipt
invoice
contract
Bank account used for payments via written checks. Fill in the blank: _________.
checking account
savings account
fixed deposit account
recurring deposit account
Security pledged for the payment of a loan. Fill in the blank: _________.
Collateral
Dividend
Revenue
Equity
A strategy that consumers can use to save money on purchases. It consists of comparing the prices of similar products to determine which is least expensive. Fill in the blank: _________.
Comparison shopping
Impulse buying
Brand loyalty
Bulk purchasing
Interest paid or to be paid both on the principal and on accumulated unpaid interest. Fill in the blank: _________.
Compound interest
Simple interest
Fixed deposit
Recurring deposit
A financial arrangement in which money is borrowed for a purchase and paid back at a later date. Fill in the blank: _________.
Credit
Deposit
Withdrawal
Dividend
A plastic card from a bank or other institution authorizing the purchase of goods on credit. Fill in the blank: _________.
credit card
debit card
identity card
library card
A three digit number that represents how likely a borrower is to repay a debt. Fill in the blank: _________.
Credit score
Interest rate
Loan term
Down payment
A term that refers to how much confidence a lender can have in a borrower’s ability to repay a loan. Fill in the blank: _________.
Creditworthiness
Liquidity
Solvency
Profitability
The money that a borrower owes to a lender. Fill in the blank: _________.
Debt
Asset
Revenue
Equity
Occurs when a borrower is unable to meet the obligation of debt repayment. Fill in the blank: _________.
Default
Dividend
Deposit
Deferral
An agreement between a company and a bank which allows an employee’s paycheck to be deposited directly into his or her bank account. Fill in the blank: _________.
direct deposit
overdraft
standing order
wire transfer
Money set aside for big, unexpected expenses such as a job loss or large medical bills. Fill in the blank: _________.
Emergency fund
Vacation fund
Retirement account
Shopping budget
A set of principles of conduct and the choices concerning behavior. Fill in the blank: _________.
ethical values
physical fitness
financial assets
technological skills
Total income or profit before deductions. Fill in the blank: _________.
gross amount
net loss
taxable income
operating expense
Refers to a crime in which a criminal obtains and uses a victim’s personal data through fraud or deception and usually for economic gain. Fill in the blank: _________.
Identity fraud
Arson
Vandalism
Shoplifting
The amount of money or its equivalent received during a period of time in exchange for labor or services. _________.
income
expense
debt
asset
Money earned on savings/investments OR money paid for the use of borrowing funds. Fill in the blank: _________.
interest
dividend
tax
commission
Tending to have the power to convince or influence. Fill in the blank: _________.
persuasive
fragile
obscure
timid
A phrase commonly used in finance and retirement planning that means you automatically route your specified savings contribution from each paycheck at the time it is received. Fill in the blank: _________.
Pay Yourself First (PYF)
Direct Deposit Only
Spend What You Earn
Save at Year-End
The amount of money due on a loan before interest. Fill in the blank: _________.
Principal
Interest
Dividend
Collateral
A bank account used to save money over a period of time that earns interest. Fill in the blank: _________.
savings account
checking account
credit card
loan account
A form that must be filed by a worker with the government to report the amount of taxes to be paid. Fill in the blank: _________.
tax return
pay stub
invoice
bank statement
Taxes that the federal, state, or local governments deduct from a worker’s paycheck. Fill in the blank: _________
withholding tax
sales tax
property tax
excise tax
Where do you go after 2nd Block on the Activity Bell Schedule?
Stay in 2nd Block
Go to the Activity
Go to 3rd Block
Go to ILT
What is your favorite fall drink?
Pumpkin Spice Latte
Apple Cider
Hot Chocolate
Water
