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Unit 4 Vocabulary - Financial Literacy

Total questions: 30

Worksheet time: 22mins

Name
Class
Date
1.

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: _________.

a)

Annual percentage rate

b)

Principal amount

c)

Maturity value

d)

Compound frequency

2.

Any resource that holds value, contain value that can be converted to money. Fill in the blank: _________.

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

3.

A formal banking relationship established to provide for depositing or withdrawing money. Fill in the blank: _________.

a)

bank account

b)

credit card

c)

loan agreement

d)

safe deposit box

4.

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: _________.

a)

Bankruptcy

b)

Inheritance

c)

Mortgage

d)

Dividend

5.

A systematic plan for the spending of a usually fixed resource, such as money or time, during a given period. Fill in the blank: _________.

a)

budget

b)

receipt

c)

invoice

d)

contract

6.

Bank account used for payments via written checks. Fill in the blank: _________.

a)

checking account

b)

savings account

c)

fixed deposit account

d)

recurring deposit account

7.

Security pledged for the payment of a loan. Fill in the blank: _________.

a)

Collateral

b)

Dividend

c)

Revenue

d)

Equity

8.

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: _________.

a)

Comparison shopping

b)

Impulse buying

c)

Brand loyalty

d)

Bulk purchasing

9.

Interest paid or to be paid both on the principal and on accumulated unpaid interest. Fill in the blank: _________.

a)

Compound interest

b)

Simple interest

c)

Fixed deposit

d)

Recurring deposit

10.

A financial arrangement in which money is borrowed for a purchase and paid back at a later date. Fill in the blank: _________.

a)

Credit

b)

Deposit

c)

Withdrawal

d)

Dividend

11.

A plastic card from a bank or other institution authorizing the purchase of goods on credit. Fill in the blank: _________.

a)

credit card

b)

debit card

c)

identity card

d)

library card

12.

A three digit number that represents how likely a borrower is to repay a debt. Fill in the blank: _________.

a)

Credit score

b)

Interest rate

c)

Loan term

d)

Down payment

13.

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: _________.

a)

Creditworthiness

b)

Liquidity

c)

Solvency

d)

Profitability

14.

The money that a borrower owes to a lender. Fill in the blank: _________.

a)

Debt

b)

Asset

c)

Revenue

d)

Equity

15.

Occurs when a borrower is unable to meet the obligation of debt repayment. Fill in the blank: _________.

a)

Default

b)

Dividend

c)

Deposit

d)

Deferral

16.

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: _________.

a)

direct deposit

b)

overdraft

c)

standing order

d)

wire transfer

17.

Money set aside for big, unexpected expenses such as a job loss or large medical bills. Fill in the blank: _________.

a)

Emergency fund

b)

Vacation fund

c)

Retirement account

d)

Shopping budget

18.

A set of principles of conduct and the choices concerning behavior. Fill in the blank: _________.

a)

ethical values

b)

physical fitness

c)

financial assets

d)

technological skills

19.

Total income or profit before deductions. Fill in the blank: _________.

a)

gross amount

b)

net loss

c)

taxable income

d)

operating expense

20.

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: _________.

a)

Identity fraud

b)

Arson

c)

Vandalism

d)

Shoplifting

21.

The amount of money or its equivalent received during a period of time in exchange for labor or services. _________.

a)

income

b)

expense

c)

debt

d)

asset

22.

Money earned on savings/investments OR money paid for the use of borrowing funds. Fill in the blank: _________.

a)

interest

b)

dividend

c)

tax

d)

commission

23.

Tending to have the power to convince or influence. Fill in the blank: _________.

a)

persuasive

b)

fragile

c)

obscure

d)

timid

24.

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: _________.

a)

Pay Yourself First (PYF)

b)

Direct Deposit Only

c)

Spend What You Earn

d)

Save at Year-End

25.

The amount of money due on a loan before interest. Fill in the blank: _________.

a)

Principal

b)

Interest

c)

Dividend

d)

Collateral

26.

A bank account used to save money over a period of time that earns interest. Fill in the blank: _________.

a)

savings account

b)

checking account

c)

credit card

d)

loan account

27.

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: _________.

a)

tax return

b)

pay stub

c)

invoice

d)

bank statement

28.

Taxes that the federal, state, or local governments deduct from a worker’s paycheck. Fill in the blank: _________

a)

withholding tax

b)

sales tax

c)

property tax

d)

excise tax

29.

Where do you go after 2nd Block on the Activity Bell Schedule?

a)

Stay in 2nd Block

b)

Go to the Activity

c)

Go to 3rd Block

d)

Go to ILT

30.

What is your favorite fall drink?

a)

Pumpkin Spice Latte

b)

Apple Cider

c)

Hot Chocolate

d)

Water