Money Vocabulary

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1. What does she need?

Explanation

The correct answer is 'A loan' because it implies that she requires financial assistance, unlike the incorrect options such as 'A car', 'A vacation', and 'A new phone' which are not directly related to the concept of needing financial support.

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About This Quiz
Money Vocabulary - Quiz

Enhance your understanding of financial terminology with this focused assessment. It evaluates knowledge of intermediate money vocabulary, crucial for personal finance management and professional growth in financial sectors.... see moreIdeal for learners aiming to boost their financial literacy. see less

2. What do most people ask for when they buy a house?

Explanation

When people buy a house, they typically ask for a mortgage to finance their purchase.

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3. What is HE?

Explanation

The question is asking for the state or condition of HE, which is answer by BROKE. Other options like RICH, CONTENT, and CONFUSED do not accurately describe the state of HE as per the question.

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4. What are these typically used for?

Explanation

Credit cards are a type of payment card that allows the cardholder to borrow funds to pay for goods and services, with the understanding that they will need to pay back the borrowed amount plus interest.

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5. You have to _______ to watch your money grow.

Explanation

The correct answer is 'invest' because investing involves putting money into vehicles that have the potential to generate returns over time, allowing your money to grow.

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6. What type of currency is labeled as 'THIS IS NOT REAL MONEY!!'?

Explanation

The correct answer is 'FAKE MONEY' as it refers to currency that is not real and often used as a prop or for games.

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7. What are these?

Explanation

The correct answer is 'Coins' because coins are a form of currency used for trading goods and services. Buttons, marbles, and stamps are not typically used as currency.

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8. What is the correct name for this piece of paper?

Explanation

The correct term for a piece of paper where someone writes a short message or reminder is a 'note'. While a letter typically consists of a longer written message, a memo is a brief message used for internal communication in a business setting, and a document can refer to any written or printed paper that contains information.

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What does she need?
What do most people ask for when they buy a house?
What is HE?
What are these typically used for?
You have to _______ to watch your money grow.
What type of currency is labeled as 'THIS IS NOT REAL MONEY!!'?
What are these?
What is the correct name for this piece of paper?
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