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