Personal Finance Vocabulary

Personal Finance Vocabulary

University

15 Qs

quiz-placeholder

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Personal Finance Vocabulary

Personal Finance Vocabulary

Assessment

Quiz

English

University

Medium

CCSS
RI.9-10.4, L.11-12.6, 7.RP.A.3

+12

Standards-aligned

Created by

Sarah Williams

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for the money you earn from working or investments?

Income

Expense

Debt

Liability

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which word describes the amount of money you owe to someone else?

Asset

Debt

Equity

Revenue

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for a financial plan that helps you manage your money?

Budget

Loan

Credit

Investment

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a synonym for 'savings'?

Expenditure

Deposit

Liability

Debt

Tags

CCSS.L.11-12.4A

CCSS.L.7.4A

CCSS.L.7.5B

CCSS.L.8.4A

CCSS.L.9-10.4A

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does 'interest rate' refer to in personal finance?

The cost of borrowing money

The amount of money saved

The total income earned

The value of an asset

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term refers to the original amount of money borrowed or invested, excluding any interest or dividends?

Principal

Interest

Equity

Revenue

Tags

CCSS.7.RP.A.3

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the term for the process of setting aside money for future use?

Saving

Spending

Borrowing

Investing

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