Quiz about Money Terms

Question 1

Do you have a bank _________ at the bank on Main Street?
= when a bank holds a customer's money for them

Accepted Answer

account

Answer

loan

Answer

credit

Answer

check

Question 2

I need to __________ some money before we go to the zoo.
= take money out of an account

Accepted Answer

withdraw

Answer

deposit

Answer

pay

Answer

save

Question 3

Did you ________ the check into our account?
= put money into an account

Accepted Answer

deposit

Answer

withdraw

Answer

pay

Answer

earn

Question 4

Who _______ for the movie last night?
= gave money for something

Accepted Answer

paid

Answer

earned

Answer

loaned

Answer

saved

Question 5

Can I _________ $10.00 from you?
= when you get money from someone and give it back later

Accepted Answer

borrow

Answer

save

Answer

len

Answer

earn

Question 6

He took out a _______ to pay for his car.
= money that you borrow

Accepted Answer

loan

Answer

credit card

Answer

checking account

Answer

piggy bank

Question 7

She took out a __________ in order to buy a home.
= money borrowed to buy a house

Accepted Answer

mortgage

Answer

savings account

Answer

credit card

Answer

pay check

Question 8

You can buy items online with a ___________.
= when you borrow money from a lender to buy items at stores and pay them back later

Accepted Answer

credit card

Answer

change purse

Answer

debit card

Answer

money tree

Question 9

When buying groceries, she uses her __________.
= when you buy items and the money comes from your bank account

Accepted Answer

debit card

Answer

credit card

Question 10

When at church, he wrote a _______ for the offering.
= a piece of paper that you sign and give to another person so that they can receive money from your bank account

Accepted Answer

check

Answer

card

Question 11

In Minnesota, there is a 6.875% sales _________.
= money you pay the government.

Accepted Answer

tax

Answer

check

Answer

loan

Answer

card

Question 12

You give the cashier a $20 bill for a toy that cost $18. The __________ is $2.
= the money you get back when you pay for an item with larger currency (bills and coins)

Accepted Answer

change

Answer

left-overs

Answer

tax

Answer

earning

Question 13

The ___________ of the United States is the dollar, whereas in Mexico it is the peso.
= the money that different countries use

Accepted Answer

currency

Answer

coins

Answer

finance

Answer

card

Question 14

Is there an _______ nearby? I need some cash.
= a machine at a bank, store or other public area that lets you make deposits and withdrawals.

Accepted Answer

ATM (automated teller machine)

Answer

FDIC (federal deposit insurance corporation)

Question 15

I need to write a check to my __________ for this month's rent.
= person who owns an apartment (or other property), but allows you to stay there by renting (or paying money)

Accepted Answer

landlord

Answer

mother

Answer

teacher

Answer

bank

Question 16

My family's __________ pays for our house, food and other things.
= money received on a regular basis primarily from wages earned at a job

Accepted Answer

income

Answer

loans

Answer

bank

Answer

landlord

Question 17

My parent's needed to draw money from their ____________ to pay for a new roof.
= money a home owner borrows from the bank or other lender

Accepted Answer

home equity loan

Answer

savings

Answer

bank account

Answer

piggy bank

Question 18

I have heard that a lot of homes are for sale because of a good ___________.
=a combination of buying and selling houses and other properties.

Accepted Answer

real estate market

Answer

property insurance

Question 19

When I go the doctor, my parent always needs to show a(n) _____________ card.
= a policy that an employer and worker contribute to in order to help pay for medical expenses.

Accepted Answer

insurance

Answer

credit

Question 20

My parents have started a 529 college savings plan, which is a(n) important __________.
= money that is put towards property, businesses or other assets (something of value) that is expected to provide income or increase in value later

Accepted Answer

investment

Answer

cost

Question 21

__________ may be passed down from generation to generation.
=money or property that is received (via a will) when a relative dies

Accepted Answer

inheritance

Answer

real estate

Answer

insurance

Answer

mortgage

Question 22

I need to make wise choices because, after college, __________ can be difficult to pay off.
=money that is borrowed to pay for college

Accepted Answer

student loans

Answer

malpractice insurance

Answer

health insurance

Answer

home equity loans

Question 23

I need to drop off a check for the __________ payment .
=money paid (monthly) to a landlord.

Accepted Answer

rent

Answer

insurance

Answer

investment

Answer

mortgage

Question 24

She found some really good _________ at the garage sale.
= when you buy something cheaply or for less than its usual price

Accepted Answer

bargains

Answer

bartering

Answer

late fees

Answer

signs

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