Consumer Math Pre-Assessment

Front

What is the term for money added to the bill to pay for government services?

Back

Tax

Front

What is the price of one item called?

Back

Unit price

Front

What do you do with the discount from the total price?

Back

Subtract

Front

What type of account allows you to withdraw money, pay a bill, or make purchases easily?

Back

Checking Account

Front

What type of account allows you to deposit money at a bank for safekeeping?

Back

Saving Account

Front

What is the term for a reduction in the original price of an item?

Back

Discount

Front

What is the term for the total amount of money you owe after purchases?

Back

Total cost

Front

What is the term for the amount of money you earn before any deductions?

Back

Gross income

Front

What is the term for the amount of money you take home after deductions?

Back

Net income

Front

What is the term for a fee charged for borrowing money?

Back

Interest