Basic Financial Terms Quiz

Froggy Jumps

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Test your knowledge of fundamental finance concepts!

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SILVIA YANETH REYES SALMERON

El Salvador

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Basic Financial Terms Quiz


Froggy Jumps Basic Financial Terms QuizOnline version Test your knowledge of fundamental finance concepts! by SILVIA YANETH REYES SALMERON 1 What is an asset? a Anything of value owned by a person or company. b A financial loss c A type of liability 2 What does liability mean? a Debts or obligations owed by a person or company. b Income earned c Assets owned 3 What is revenue? a Total income generated by a business. b Net profit c Total expenses 4 What is profit? a Total liabilities b Financial gain after subtracting expenses from revenue. c Total revenue 5 What does net worth represent? a Total assets b Total assets minus liabilities. c Total revenue 6 What is depreciation? a Increase in asset value b A type of expense c Reduction in the value of an asset over time. 7 What is a balance sheet? a A cash flow statement b A statement of assets, liabilities, and equity at a specific time. c A report of income and expenses 8 What is a loan? a A type of asset b Money owned to others c Borrowed money that must be repaid with interest. 9 What is a stock? a A type of loan b A fixed income security c A share representing ownership in a company. 10 What does an audit involve? a Making a budget b Creating financial statements c An official inspection of accounts by an external firm. 11 What is an asset? a Anything of value owned by a person or company. b A type of liability c A form of income 12 What does liability mean? a Debts or obligations owed by a person or company. b Assets owned c Income earned 13 What is revenue? a Net profit b Total income generated by a business. c Total expenses 14 What is profit? a Financial gain after subtracting expenses from revenue. b Money owed to others c Total assets 15 What does net worth represent? a Total expenses b Total revenue c Total assets minus liabilities. 16 What is depreciation? a Reduction in the value of an asset over time. b A type of revenue c Increase in asset value 17 What is a balance sheet? a A list of company employees b A statement of assets, liabilities, and equity at a specific time. c A report of income and expenses 18 What is a mortgage? a A loan specifically for buying property. b A short-term loan c A type of stock 19 What does an overdraft mean? a Money owed to suppliers b A loan with no interest c Money withdrawn exceeds the account balance. 20 What is a mutual fund? a A type of loan b Pool of money from investors to buy securities. c A single stock

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Basic Financial Terms Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Basic Financial Terms QuizOnline version

by SILVIA YANETH REYES SALMERON

What is an asset?

What does liability mean?

What is revenue?

What is profit?

What does net worth represent?

What is depreciation?

What is a balance sheet?

What is a loan?

What is a stock?

What does an audit involve?

What is an asset?

What does liability mean?

What is revenue?

What is profit?

What does net worth represent?

What is depreciation?

What is a balance sheet?

What is a mortgage?

What does an overdraft mean?

What is a mutual fund?