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Novice Financial Literacy Quiz (Medium)

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Novice Financial Literacy Quiz (Medium)

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Take your knowledge a step further by completing the fill-in-the-blank quiz with financial literacy terms!

Created by

WM
WM
United States

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Novice Financial Literacy Quiz (Medium)
 

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Novice Financial Literacy Quiz (Medium)Online version

Take your knowledge a step further by completing the fill-in-the-blank quiz with financial literacy terms!

by WM
1

The money you earn is called your .

2

The money you spend is referred to as an .

3

A is a plan to track how much money you earn and spend .

4

The place where you save money for future use is called a .

5

If you owe money to someone , it is called .

6

A is used for everyday spending , like paying bills .

7

is extra money you pay or earn on loans or savings .

8

A is a summary of your bank account transactions .

9

An is used for unexpected expenses like medical bills or car repairs .

10

Spending more money than you have in your account is called an .

11

Your total income before taxes is called .

12

Your income after taxes is called .

13

are things you have to have to survive .

14

are things you desire , but do not need to survive .

15

The smallest payment you must make on a loan is the .

16

A fee is charged for missing a payment .

17

A request for payment , like for rent , is called a .

18

The difference between your income and expenses is called .

19

A is money you borrow and agree to pay back later , usually with extra costs called .

20

Spending money on something to earn more money in the future is called an .

21

The upfront amount of money you pay when buying something expensive , like a house or car , is a .

22

A is a person who helps you plan and manage your money .

23

A is a card that lets you borrow money to make purchases and pay it back later .

24

A person who buys goods or services is called a .

25

The fixed amount of money you earn from a job is your .

26

The value of what you give up when you choose one option over another is called .

27

When the value of something , like a house or stock , goes up over time , it is called .

28

When the value of something , like a car or electronics , goes down over time , it is called .

29

A is a summary of your borrowing and payment history , used to check how reliable you are with money .

30

A - pays more interest than regular savings accounts .

31

When prices for goods and services go up over time , making money worth less , it is called .

32

You are considered when your assets can cover all your expenses .

33

The amount of product or service available for people to buy is called .

34

is how much people want to buy a product or service .

35

The type of money used in a country is called .

36

A person or business that makes or sells goods and services is called a .

 
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