Financial Literacy Quiz Flashcards

1

What is 'Interest'?

Plan for spending
Cost of borrowing
Money saved
Amount required

2

Which term means 'money given regularly to cover expenses'?

Bonus
Allowance
Commission
Pension

3

What is 'Savings'?

Money kept for future
Amount required
Plan for spending
Money spent

4

Which term means 'money paid for transport'?

Fine
Tax
Fee
Fare

5

Which term describes 'money used to generate more money'?

Investment
Profit
Savings
Revenue

6

Which term describes 'money returned for a product'?

Refund
Discount
Bonus
Tip

7

What is 'Earnings'?

Money saved
Amount required
Money received for work
Plan for spending

8

What is a 'Budget'?

Plan for spending
Amount required
Money received
Money saved

9

What is 'Liabilities'?

Plan for spending
What a company owns
What a company owes
Money saved

10

Which term means 'money given for good service'?

Bonus
Commission
Tip
Allowance

11

True or false: Revenue is income from work.

False
True

12

Which term means 'money given for retirement'?

Allowance
Bonus
Pension
Commission

13

Which term describes 'money given for a specific purpose'?

Grant
Loan
Deposit
Credit

14

What is 'Mortgage'?

Long-term property loan
Money saved
Plan for spending
Short-term loan

15

What is the definition of 'Cost'?

Plan for spending
Price paid
Amount required
Money spent

16

Which term means 'money owed'?

Credit
Debt
Loan
Deficit

17

What is 'Surplus'?

Money owed
Leftover amount
Plan for spending
Amount required

18

What is 'Assets'?

What a company owes
Plan for spending
What a company owns
Money saved

19

What is 'Deficit'?

Amount required
Spending exceeds earnings
Plan for spending
Money saved

20

Which term describes 'money received for work'?

Revenue
Profit
Earnings
Savings

Financial Literacy Quiz

Questions 20

Financial Literacy Quiz

Questions 20