Vocabulary and Career Planning Quiz

What is *Income*?

• Money used or spent

• Money received for work

• Borrowing money from the bank

• Putting money into a bank account

What does *Loan* mean?

• Taking money out of your bank account

• Borrowing money from the bank to be paid back, usually with interest

• Money left after expenses

• Total money in the account

What is *Interest*?

• Money received for work

• The cost of using someone else's money

• Money saved in a bank

• Taking money out of your account

What does *Deposit* mean?

• Borrowing money from the bank

• Putting money into a bank account

• Money left after meeting expenses

• The total money in the account

What is an *Expense*?

• Money used or spent

• Total money in the account

• Money received for work

• The cost of using money from the bank

What does *Withdrawal* mean?

• Putting money into the bank

• Money left after paying expenses

• Taking money out of your bank account

• The cost of using someone else’s money

What is a *Cheque*?

• A place where you put your money for safekeeping

• It allows the bank to make payments to someone

• Total money in your account

• Money left over after expenses

What does *Saving* mean?

• Money left over after meeting expenses

• Money received for work

• Total money in the account

• Borrowing money from the bank

What is a *Signature*?

• Borrowing money from the bank

• Money received from work

• Your name written in your handwriting to approve something

• Money left over after expenses

What is a *Bank*?

• The cost of using someone else's money

• A place where you put your money for safekeeping

• Borrowing money from the bank

• Money used or spent