Budgets
2 years ago
edwardsk
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14 QuestionsShow answers
  • Question 1
    10 seconds
    Q. Which of the following is an example of a need for most people?
    answer choices
    A place to live
    A nice car
    Designer jeans
  • Question 2
    10 seconds
    Q. It's important to spend money on things you need before spending money on things you want.
    answer choices
    True
    False
  • Question 3
    10 seconds
    Q. Which of the following is an example of a want for most people?
    answer choices
    A warm jacket
    Transportation
    Ice cream
  • Question 4
    10 seconds
    Q. People who earn paychecks pay income taxes to the government.
    answer choices
    True
    False
  • Question 5
    10 seconds
    Q. A salary is paid over a set period of time.
    answer choices
    True
    False
  • Question 6
    10 seconds
    Q. People who are paid by the hour earn a salary.
    answer choices
    True
    False
  • Question 7
    10 seconds
    Q. Paying with a ______ _____ takes cash of your checking account.
    answer choices
    Credit card
    Debit Card
    Gift Card
  • Question 8
    10 seconds
    Q. What's the best way to know if you are getting a good deal on what you're buying?
    answer choices
    Return policy
    Compare prices
    Ask Friends
  • Question 9
    10 seconds
    Q. Food, heat, cable, internet, and dog food are examples of what?
    answer choices
    Household assets
    Household income
    Household expenses
  • Question 10
    10 seconds
    Q. Having enough money to cover all your expenses mean you have ____
    answer choices
    Debt
    Balanced Budget
    Uneven Budget
  • Question 11
    10 seconds
    Q. If you are buying groceries at the store and want to use the cash in your bank account, you should pay with your ______
    answer choices
    Debit card
    Credit Cart
    Gift Card
    Cash
  • Question 12
    10 seconds
    Q. How is buying with credit different than paying with cash?
    answer choices
    With credit, you don't have to pay interest
    With credit, you borrow money and repay later, with interest
    No difference
  • Question 13
    10 seconds
    Q. Paying for something with cash can help you avoid spending more money than you have.
    answer choices
    True
    False
  • Question 14
    10 seconds
    Q. What is a good reason to save money?
    answer choices
    To have money to buy things
    To have money put aside for emergencies
    For a future purchase
    All choices
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