Financial Literacy Vocab

Financial Literacy Vocab

7th Grade

15 Qs

quiz-placeholder

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Financial Literacy Vocab

Financial Literacy Vocab

Assessment

Quiz

Social Studies

7th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which word best fits this definition a payment type that allows you to make purchases using money directly from your checking account

Fixed Expense

Unit Price

Opportunity Cost

Debit Card

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Issued by bank or financial services company that allows cardholder to borrow funds pay for goods and services with merchants.

Credit report

savings account

Debit card

Credit card

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

the price you pay to borrow money or the cost you charge to lend money

income

savings

credit card

interest

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which vocab word means "money that you get/earn?"

wage

salary

income

budget

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which vocab word means "a plan for where your money will go?"

wage

salary

income

budget

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which vocab word means "money that you spend?"

Expense

Revenue

Profit

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which vocab word means "money paid per hour?"

wage

salary

income

budget

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