Finance terms worksheet designed to teach financial vocabulary through fill-in-the-blank exercises using a provided word bank.
Finance Terms Worksheet with fill-in-the-blank sentences and a word bank for financial vocabulary practice.
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Reviewed for educational accuracy and age-appropriateness
ID: #692950
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Show Answer Key & Explanations
Step-by-step solution for: Financial Literacy Terms and Definitions (ON) | Talk with our Kids ...
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Show Answer Key & Explanations
Step-by-step solution for: Financial Literacy Terms and Definitions (ON) | Talk with our Kids ...
Finance Terms Worksheet Solution
The task is to fill in the blanks using the correct words from the word bank provided. Here is the solution with explanations for each sentence:
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#### Word Bank:
- Teller
- Spend
- Loan
- Earn
- Withdrawal
- Customer
- Tip
- Entrepreneur
- Tax
- Interest
- Save
- Bank
- Deposit
- Produce
- Need
- Specialization
- Budget
- Services
- Distribution
---
#### Solutions:
1. Timmy went to the ________ to ________ his pay cheque. He also asked the ________ if it would be possible to make a small _________.
- Bank (where you go to deposit or withdraw money)
- Deposit (to put money into an account)
- Teller (bank employee who helps with transactions)
- Withdrawal (taking money out of an account)
Filled Sentence:
Timmy went to the bank to deposit his pay cheque. He also asked the teller if it would be possible to make a small withdrawal.
2. The waitress was having a great day at work and her one _________ left her a rather large _________.
- Customer (person receiving services)
- Tip (money given as gratitude for service)
Filled Sentence:
The waitress was having a great day at work and her one customer left her a rather large tip.
3. Samantha wanted to ________ up to buy herself a car.
- Save (set aside money for future use)
Filled Sentence:
Samantha wanted to save up to buy herself a car.
4. The young _________ had a new innovative idea to start a company.
- Entrepreneur (someone who starts a business)
Filled Sentence:
The young entrepreneur had a new innovative idea to start a company.
5. The student was worried about having to get a _________ to help pay for school but once they found one with a low _________ rate they were at ease.
- Loan (borrowed money)
- Interest (additional cost on borrowed money)
Filled Sentence:
The student was worried about having to get a loan to help pay for school but once they found one with a low interest rate they were at ease.
6. Gina was excited she had just gotten her first job. She was happy to _________ her own money.
- Earn (make money through work)
Filled Sentence:
Gina was excited she had just gotten her first job. She was happy to earn her own money.
7. The new couple was looking to buy a house; they had to _________ their money in order to get their dream home.
- Budget (plan how to spend money)
Filled Sentence:
The new couple was looking to buy a house; they had to budget their money in order to get their dream home.
8. Fiona got 60 dollars for her birthday she wanted to buy a sweater that was 49.99 plus _________. She asked the cashier what the total would be before making her purchase.
- Tax (additional cost added to purchases)
Filled Sentence:
Fiona got 60 dollars for her birthday she wanted to buy a sweater that was 49.99 plus tax. She asked the cashier what the total would be before making her purchase.
9. Marcus has a _________ in computer programming.
- Specialization (expertise in a specific area)
Filled Sentence:
Marcus has a specialization in computer programming.
10. The group of ladies really enjoyed the _________ they received at the spa.
- Services (activities provided by professionals)
Filled Sentence:
The group of ladies really enjoyed the services they received at the spa.
11. Lori’s mother told her she couldn’t _________ any more money on things she didn’t _________.
- Spend (use money to buy something)
- Need (require something essential)
Filled Sentence:
Lori’s mother told her she couldn’t spend any more money on things she didn’t need.
12. The company used a large factory to _________ their products in order to make _________ more efficient.
- Produce (create goods)
- Distribution (getting products to customers)
Filled Sentence:
The company used a large factory to produce their products in order to make distribution more efficient.
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Final Answer:
1. Bank, Deposit, Teller, Withdrawal
2. Customer, Tip
3. Save
4. Entrepreneur
5. Loan, Interest
6. Earn
7. Budget
8. Tax
9. Specialization
10. Services
11. Spend, Need
12. Produce, Distribution
Boxed Final Answer:
\boxed{
1. Bank, Deposit, Teller, Withdrawal \\
2. Customer, Tip \\
3. Save \\
4. Entrepreneur \\
5. Loan, Interest \\
6. Earn \\
7. Budget \\
8. Tax \\
9. Specialization \\
10. Services \\
11. Spend, Need \\
12. Produce, Distribution
}
Parent Tip: Review the logic above to help your child master the concept of financial literacy worksheet.