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- 1. Multiple Choice
If you have limited means, you _____
have too much money.
spend too much money.
save enough money.
can't have everything.
- 2. Multiple Choice
When you must give somethin up in order to get something else, it's called ____
a sound investment.
an opportunity cost.
a lost opportunity.
a limited means.
- 3. Multiple Choice
Why do you need to use decision making skills if you have limited means?
Since you are not able to have everything, you must decide what you really need.
Making decisions is possible when you can have everything.
You have a limited number of decisions.
You have too much money, which makes decision making hard.
- 4. Multiple Choice
Before you buy something you want, you should buy____
something cheap.
something you need.
something expensive.
something on sale.
- 5. Multiple Choice
Setting a goal lets you,
achieve nothing.
forget the next steps.
achieve what you want to do.
spend more money.
- 6. Multiple Choice
When you have a goal, you can _____
plan out steps to achieve it.
avoid bad decisions.
buy more of what you want.
buy more of what you need.
- 7. Multiple Choice
Which of these things will NOT help you achieve a goal?
Setting the goal.
Hoping you meet it.
Planning out steps to meet it.
Prioritizing decisions.
- 8. Multiple Choice
Tracking your spending can help you _____.
spend more money.
make good decisions.
know where your money is being spent.
spend less money.
- 9. Multiple Choice
Which of these is NOT true?
Tracking your expenses can help you meet your budget.
A budget helps you plan to use your money for things you need.
A budget helps you plan to use your money for things you want.
It's harder to keep track of your money if you make a budget.
- 10. Multiple Choice
Why is saving money important?
Saving money can help you meet goals.
It's important to show off how much money you have.
It's important to fill your money jar.
Saving money is important for spending.
- 11. Multiple Choice
If you have a budget, you _____
can afford nicer things.
can spend all the money you want.
a plan for spending your money over a set amount of time.
a good idea of how much money you will make.
- 12. Multiple Choice
Keeping track of what you earn, spend and save are key parts of a ____
monthly allowance.
investment strategy.
paycheck.
budget.
- 13. Multiple Choice
Which is a reliable source of information when trying to research something you plan to buy?
Friends
Advertisements
Expert Reviews
social media
- 14. Multiple Choice
A job is ____
Something you need to do.
Something you do to earn money.
Something you do when you are bored.
Something you are told to do.
- 15. Multiple Choice
A career is _____.
a single job that you have once.
the kind of job most people have.
the type of job you do for a long time.
the way you save money.
- 16. Multiple Choice
How is a career path different from a job?
A career path is made up of jobs in the same field.
A career path clearly marks the way to get a job.
There is no difference, they are exactly the same.
A career path is a different type of work than a job.
- 17. Multiple Choice
If someone likes animals, and becomes a zookeeper, they have chosen a career based on ______.
Income
Skills
Interests
Abilities
- 18. Multiple Choice
If someone can cook and bake and they become a chef, they have chosen a career based on
Income
Salary
Interests
Skills
- 19. Multiple Choice
What is the difference between salary and wage?
A salary is based on the hours you work, and a wage is not.
A wage is an amount that is paid for each hour, and a salary is a set income paid regularly.
A wage is income for very experienced workers.
They are the same types of income.
- 20. Multiple Choice
Cash is _____
money you'll borrow.
money you'll pay back later.
money you have today.
money you don't have.
- 21. Multiple Choice
Credit is _____
money you are given, and promise to pay back later.
money you borrow and promise to pay back later.
money you borrow and don't have to pay back later.
None of the above.
- 22. Multiple Choice
A debt is _____
money you have to pay back.
money you don't have to pay back.
money used for needs, not wants.
money used for wants, not needs.
- 23. Multiple Choice
Using cash is a good idea for ____
buying small items that you can afford now.
buying items on sale.
buying things you can't afford.
buying items now to pay back later.
- 24. Multiple Choice
A credit history is ____
the first step in creating a budget.
a record of money you spend.
a record of how you pay back money you borrow.
the same thing as a bank statement.
- 25. Multiple Choice
What is the connection between goals and savings?
Goals can give you a reason to save.
You can buy goals
You can save goals.
Goals and savings are not connected.
- 26. Multiple Choice
Interest earned on a savings account is ____
The percentage of money you spend per month.
The percentage a financial institution pays you to borrow your money.
The percentage of your budget that you spend.
The percentage of your budget that you don't spend.
- 27. Open Ended
How are simple and compound interest different?
- 28. Multiple Choice
Insurance can help ______
add money to you savings account.
in an emergency.
with making ends meet regularly.
None of the above.
- 29. Open Ended
Why might a stock be an investment that can have some risks?
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