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Money and Finance Vocab
Quiz by desmond mentor
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15 questions
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- Q1What is the term for the process of borrowing money?LoanDepositInvestmentWithdrawal30s
- Q2What is the term for the rate at which a lender charges interest on a loan?Interest rateInflation rateTax rateExchange rate30s
- Q3What is the term for the money you owe to a lender when you borrow money?ExpenseIncomeDebtSavings30s
- Q4What is the term for a payment made by a tenant to a landlord at regular intervals?TuitionMortgageRentInsurance30s
- Q5What does the term 'investment' mean?The process of lending money to someoneThe amount of money that a person or company earnsThe payment or receipt of money for goods or servicesThe action of putting money into something with the hope of making a profit or benefit30s
- Q6What is a synonym for the term 'income'?EarningsDebtExpensesSavings30s
- Q7What is a synonym for the term 'savings'?DebtIncomeExpensesReserves30s
- Q8What is a synonym for the term 'expenses'?IncomeSavingsCostsEarnings30s
- Q9What does IPO stand for?Innovation Patent OrderImmediate Payment ObligationInitial Public OfferingInternational Purchase Order30s
- Q10What is the term for the practice of spreading investments across different asset classes to reduce risk?arbitragediversificationhedgingleverage30s
- Q11What is the term for the increase in value of an asset over time?accretiondepreciationappreciationamortization30s
- Q12What is the term for the process of converting an investment into cash?liquidationamortizationleverageappreciation30s
- Q13What does the acronym ATM stand for?Account Transfer MachineAutomated Teller MachineAccount Teller MachineAutomatic Transaction Machine30s
- Q14What is the term for a fee charged by a bank when a customer withdraws more money than is available in their account?Overdraft feeMonthly maintenance feeTransaction feeMinimum balance fee30s
- Q15What is the term for the process of moving money from one account to another?TransactionDepositTransferWithdrawal30s