MoneyTime Vocabulary

Question 1

putting money put into a bank account

Answer 1

Deposit

Question 2

a financial gain

Answer 2

Profit

Question 3

taking money out of a bank account

Answer 3

Withdrawal

Question 4

person who lends the money

Answer 4

Lender

Question 5

person who borrows the money

Answer 5

Borrower

Question 6

money paid by the borrower as a reward to the lender

Answer 6

Interest

Question 7

Per annum

Answer 7

per year

Question 8

bank account for day to day transactions

Answer 8

Checking account

Question 9

bank account that earns interest on deposits

Answer 9

Savings account

Question 10

the money made from doing a job

Answer 10

Earnings

Question 11

the amount of money paid per hour of work

Answer 11

Hourly rate

Question 12

the total amount deposited

Answer 12

Principal

Question 13

interest earned on the principal

Answer 13

Simple interest

Question 14

interest earned on the principal and any previous interest earned

Answer 14

Compound interest

Question 15

a type of work you do for a long time

Answer 15

Career

Question 16

where paid for 52 weeks a year regardless of number of hours done

Answer 16

Salary

Question 17

a qualification you study for after you leave school

Answer 17

Tertiary Qualification

Question 18

the person who pays someone for doing work

Answer 18

Employer

Question 19

the person who gets paid for doing the work

Answer 19

Employee

Question 20

information about yourself you give to an employer

Answer 20

Resume

Question 21

a reward for completing a course that shows you have skills in that subject

Answer 21

Qualification

Question 22

certificates, awards, or prizes for doing something well

Answer 22

Achievements

Question 23

the type of work you have done before

Answer 23

Previous Experience

Question 24

a person who would recommend you for a job.

Answer 24

Reference