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Worksheets

Planned vs Unplanned Expenses

Total questions: 25

Worksheet time: 56mins

Name
Class
Date
1.

Buying Groceries

a)

Planned Expense

b)

Unplanned Expense

2.

Flat tire

a)

Planned Expense

b)

Unplanned Expense

3.

Your puppy ate a toy car and had to go to the Vet

a)

Planned Expense

b)

Unplanned Expense

4.

Phone Bill

a)

Planned Expense

b)

Unplanned Expense

5.

To give money or goods, expecting it to be returned

a)

Lend

b)

Gifting

c)

Borrow

d)

Credit

6.

To get money or goods that will have to be returned from a person or bank

a)

credit

b)

bank account

c)

borrow

d)

lend

7.

Work

a)

labor

b)

homework

c)

assignments

d)

earning money

8.

Income

a)

Money you donate

b)

Money you earn by working

c)

Saving for a new nintendo

d)

I dunno

9.

When a man borrows money from an automobile dealership to purchase a car and fails to repay the loan, the dealership will take possession of the car. In this situation, the dealership is the ____, the car is the ____, and the man is the ____.

a)

creditor, collateral, borrower

b)

borrower, creditor, collateral

c)

credit union, loan, creditor

d)

loan, collateral, creditor

10.

Which one below is an example of a want?

a)
A new car
b)
A house
c)
A college degree
d)
A vacation to Hawaii
11.

Johnʼs parents are saving up for a big family vacation so theyʼre trying to keep a strict budget. John has asked them for a new bike for his birthday. He says that all of his friends have new bikes and, compared to theirs, his is old and ugly. John found a newer bike online that he has asked them to buy for him. Should his parents buy him the bike?

4 lines
12.

A good is :

Un producto es:

a)

something you can buy at the store

algo que compras en la tienda

b)

something someone does for you

un servicio que te da una persona

13.

A service is:

Un servicio es:

a)

something you eat

algo que comes

b)

something someone does for you

un servicio que te da una persona

14.

This is a good or service?

Este es un producto o un servicio?

a)

good

producto

b)

service

servicio

15.

This is a good or service?

Este es un producto o un servicio?

a)

good

producto

b)

service

servicio

16.

A need is :

Una necesidad es:

a)

something you must have or you will die

algo que necesitas para vivir

b)

something you would like to have

algo que quieres

17.

A want is :

Un deseo es:

a)

something you must have or you will die

algo que necesitas para vivir

b)

something you would like to have

algo que quieres

18.

Which one is NOT a need?

Cual NO es una necesidad?

a)

house

casa

b)

food

comida

c)

toys

juguetes

d)

water

agua

19.

Which one is NOT a want?

Cual NO es un deseo?

a)

dollhouse

casa de muencas

b)

food

comida

c)

toys

juguetes

d)

ipad

tableta

20.

The payment made towards the loan balance every month.

a)

credit

b)

credit limit

c)

term

d)

monthly payment

21.
 Work humans do, both physical and mental, used in the production of goods and services.
a)
capital resource
b)
human resource
c)
natural resource
d)
jobs
22.
Resources that come from nature. They are used to produced goods and services. Examples: air, water, coal, petroleum, wind, etc.
a)
human resources
b)
goods
c)
natural resources
d)
services
23.
To put money aside for future needs or wants.
a)
spending
b)
save
c)
borrow
d)
give
24.

Which of the following would you use a credit card to buy?

a)

Tacos

b)

French Fries

c)

A vacation

d)

A new washing machine.

25.

Mr. Campbell needed a new dryer, so he borrowed $600 from the bank. He paid $680 back to the bank. What is the reason Mr. Campbell paid more than he borrowed?

a)

Mr. Campbell paid sales tax on his purchase.

b)

The dryer cost more than $600.

c)

Mr. Campbell bought some tools at the same time as he bought the dryer.

d)

Mr. Campbell had to pay interest on the money he borrowed.