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Money Matters: Debts, Loans & Credit Quiz
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To borrow means:
 
Take money for temporary use
 
Give money to someone
 
Accumulate debt
 
Pay off a loan
Debt is:
 
Money you own to someone
 
Money you earn
 
Money you save
 
Money you pay as a reward
In the long run means:
 
Over a long period of time
 
Immediately
 
Once a month
 
A marathon
A fee is:
 
Money you pay for a service
 
Money you earn
 
Money borrowed
 
Interest
Suitable means:
 
Appropriate or correct
 
Very expensive
 
A reward
 
Minimum
Reliable means:
 
dependable
 
Expensive
 
Difficult
 
Optional
Approval is:
 
An acceptance
 
A fee
 
A type of loan
 
A balance
To transfer money means:
 
Move money from one account to another
 
Borrow money
 
Pay interest
 
Accumulate debt
A reward is:
 
A gift
 
A debt
 
A bank fee
 
An asset
The minimum payment is:
 
The smallest amount you must pay
 
The largest amount you can pay
 
The extra money you pay for using credit
 
The bonus points you earn for making a payment
Balance in an account is:
 
Money left in your account
 
Money you owe
 
Interest paid
 
Asset value
Retail means:
 
Selling goods directly to customers
 
Buying stocks
 
Borrowing money
 
Paying interest
If something is booming, it is:
 
Very successful or growing fast
 
Expensive
 
In debt
 
A transaction
To pay off a loan means:
 
Repay it completely
 
Borrow it
 
Accumulate it
 
Transfer it
To rack up something means:
 
Accumulate or increase
 
Lose it
 
Pay it back
 
Borrow it
Interest is:
 
Extra money you pay or earn
 
The main money you borrowed
 
A reward
 
Your balance
If you can afford something, you:
 
Can pay for it
 
Cannot pay for it
 
Borrowed it
 
Lend it to someone
An asset is:
 
Something valuable you own
 
A type of debt
 
A bank fee
 
Money you owe
If a business is in the red, it means:
 
They are losing money / in debt
 
They are profitable
 
They have extra assets
 
They are fishing
Day care is:
 
A service where parents leave their children for supervision
 
A type of bank account for saving money
 
A short-term loan to pay for daily expenses
 
A program that gives children educational credit points
A mortgage is
 
Money you borrow to buy a house
 
Money you give to a friend
 
Extra money paid on a loan
 
A monthly expense
What does expense mean?
 
Money you spend
 
Money you earn
 
Money you save
 
Money you borrow
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