Instructions for 1-14: Please write the correct vocabulary word from the word bank under the
definition next to were it says answer. No words will be repeated.
WORD BANK:
Financial Literacy
Savings Account
Checking Account
Debit Card
Interest
Credit
Budget
Income
Flexible Expenses
Fixed Expenses
Balance
Deposit
Withdrawal
Credit Report

1. A record of how you paid your debts. ANSWER:
2. A step-by-step plan for meeting expenses in a given period of time. ANSWER:
3. This lets you deposit cash into and withdraw it from your checking account and make purchases at retail locations.
ANSWER:
4. Profit made on money in an investment account. ANSWER:
5. The money you add to your account using a deposit slip ANSWER:
6. Money received, especially on a regular basis, for work or through investments. ANSWER:

Financial Literacy Quiz
7. This type of account does NOT accrue interest. ANSWER:
8. Expenses with amounts that change from month to month. ANSWER:
9. The knowledge that is necessary to make financially responsible decisions that are integral to our everyday lives
ANSWER:
10. The money you take out of your account using: checks, withdrawal slips, ATMs, and debit cards.
ANSWER:
11. The money you borrow to pay for things. ANSWER:
12. Expenses with amounts that DON’T change from month to month. ANSWER:
13. The amount of money you have in your bank account. ANSWER:
14. This type of account accrues interest. Answer: