Financial Literacy Vocabulary

Financial Literacy Vocabulary

Assessment

Assessment

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Life Skills

6th - 8th Grade

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20 questions

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1.

Multiple Choice

30 sec

1 pt

A record or statement of financial expenditures or receipts, often related to a bank or credit union.

Accounts

Balance

Budget

Cash

2.

Multiple Choice

30 sec

1 pt

An amount available or owed on an account.

Accounts

Balance

Budget

Cash

3.

Multiple Choice

30 sec

1 pt

Deciding how to spend your money before you actually spend it.

Account

Balance

Budget

Cash

4.

Multiple Choice

30 sec

1 pt

The physical form of money, such as coins or paper money.

Balance

Budget

Cash

Copay

5.

Multiple Choice

30 sec

1 pt

A bank account that allows quick access to money for everyday expenses.

Checking Account

Savings Account

Debit Card

Credit Card

6.

Multiple Choice

30 sec

1 pt

The time it takes for money to move from one account to another (e.g. from checking to cash, or from one checking account to another).

Overhauling

Over ride

Clearing

Balance out

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