Financial Terms Question Preview (ID: 55816)


Financial Terms. TEACHERS: click here for quick copy question ID numbers.

401 K
a) A retirement plan that is funded by the employee and employer
b) A sandwich shop on the corner of main street and cowabunga name
c) difference between credit and debit
d) something valuable you own and can trade

Annual Percentage Rate
a) increase of value and price
b) money being put into a bank account
c) is an annual percentage you pay on top of a debt
d) the green ninja turtle

Appreciation
a) Thank you
b) Increase in price and value
c) Its that thing where you walk into the bathroom after someone definitely used it
d) when the value of something falls

Budget
a) Plan on how much money to be spent and how
b) something you deal with monthly on how you spend ALL of your money
c) fee of services used
d) decrease in value

Collateral
a) Something valuable you own. You give temporarily to gain something
b) financial commitment that you are promised to
c) When money is spend over your budget
d) That Tom Cruise movie

Income
a) fixed charge you get for using a credit card
b) money someone earns
c) money borrowed over time
d) Money paid to the government

Debt
a) Money that you owe someone and needs to be paid in full
b) money being put into the bank account
c) the story of my life
d) Fixed charge to borrow money

Depreciation
a) fees used for services used
b) money someone earns
c) No thanks
d) When the value of something goes down

Health Insurance
a) insurance to be used when you are ill
b) money that someone uses when they die
c) amount o money borrowed for a certain time
d) a pyramid scheme created in 1950 by Ponzi Rigatoni

deposit
a) money that you get from work
b) Money being put into an account
c) money to the government
d) STONKS?

Salary
a) money towards your house payment
b) is best eaten with ranch and croutons
c) Money received from work
d) act of taking money out

Taxes
a) Money to the government
b) are way too much
c) what you pay at the store
d) when money is spent from your account to your work

Loan
a) certain amount of money borrowed over time
b) fixed monthly payment for home
c) money from work
d) what you can never do with friends and family

Withdrawal
a) When your body is lacking what it is addicted to
b) happens too often
c) act of taking money out o your account
d) when you spend more than what you have

Need vs. Want
a) what items you need verses what items you want to spend on
b) money someone earns
c) depreciation
d) I want it now

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