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Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam
- 1. piecework
- 2. credit card
- 3. debit card
- 4. commission
- 5. principal
- 6. simple interest
- 7. compound interest
- a. an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
- b. a card that allows an individual to pay for merchandise by borrowing against a line of credit
- c. the amount of money deposited or borrowed
- d. work for which a laborer is paid on the basis of the amount of work done
- e. a percentage of sales or profit paid to an employee from items or services sold
- f. interest calculated at regular intervals
- g. interest calculated once throughout the life of a loan or deposit
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam (Answer Key)
- d 1. piecework
- b 2. credit card
- a 3. debit card
- e 4. commission
- c 5. principal
- g 6. simple interest
- f 7. compound interest
- a. an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
- b. a card that allows an individual to pay for merchandise by borrowing against a line of credit
- c. the amount of money deposited or borrowed
- d. work for which a laborer is paid on the basis of the amount of work done
- e. a percentage of sales or profit paid to an employee from items or services sold
- f. interest calculated at regular intervals
- g. interest calculated once throughout the life of a loan or deposit
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