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