Personal Money Management
2 years ago
jbenne26
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10 QuestionsShow answers
  • Question 1
    30 seconds
    Q. The money that you receive for mowing the lawn, babysitting or making good grades is called__________. 
    answer choices
    income 
    credit 
    debt 
    interest 
  • Question 2
    30 seconds
    Q. Tony borrowed money from the bank to buy a new house. A year later he lost his job and has started to not be able to make his house payments. This problem is known as what? 
    answer choices
    credit 
    budget 
    debt 
    interest 
  • Question 3
    30 seconds
    Q. My cousin wanted to borrow $300 from me. I loaned him the money but I told him that he would have to pay me back $330. The money that was paid back to me on top of the loan is known as_________. 
    answer choices
    credit 
    interest 
    savings 
    debt 
  • Question 4
    30 seconds
    Q. The bank agreed to loan me the money that I needed to start my new business. My ability to borrow this money is known as what? 
    answer choices
    interest 
    budget 
    debt 
    credit 
  • Question 5
    30 seconds
    Q. I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what? 
    answer choices
    savings 
    credit 
    income 
    debt 
  • Question 6
    30 seconds
    Q. Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
    My family uses a _____________
    answer choices
    income 
    debt 
    interest 
    budget 
  • Question 7
    30 seconds
    Q. You find out that you are going to have to purchase your first car. You need to start using which of the following personal finance terms? 
    answer choices
    savings 
    budget 
    credit 
    you would need to use all 3 of these
  • Question 8
    30 seconds
    Q. Your forgot to pay $100 on your credit card bill this month, your next month's bill is going to be $112. How much interest did they charge for missing your payment? 
    answer choices
    112%
    2%
    12%
    22%
  • Question 9
    30 seconds
    Q. You earn $300 a week and you are able to save half of that each week. You are saving money to go on a trip with your friends after you graduate high school. the trip is going to cost $1,350. How many weeks will you have to work to save enough money to go on the trip?
    answer choices
    4 and a half weeks 
    11 weeks 
    9 weeks 
    7 weeks 
  • Question 10
    30 seconds
    Q. Which of the following is not true about the difference between credit cards and debit cards
    answer choices
    purchases made with a debit card come directly out of your bank account
    you must pay off your credit card bill monthly or there will be penalties 
    you must have a bank/checking account to use a debit card 
    credit cards use money from your savings account 
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