Personal Finance Vocabulary
Quiz
•
English
•
University
•
Medium
+12
Standards-aligned
Sarah Williams
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15 questions
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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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