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  • Question 1
    300 seconds
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    Q.

    If you have limited means, you _____

    answer choices

    have too much money.

    spend too much money.

    save enough money.

    can't have everything.

  • Question 2
    300 seconds
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    Q.

    When you must give somethin up in order to get something else, it's called ____

    answer choices

    a sound investment.

    an opportunity cost.

    a lost opportunity.

    a limited means.

  • Question 3
    300 seconds
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    Q.

    Why do you need to use decision making skills if you have limited means?

    answer choices

    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.

  • Question 4
    300 seconds
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    Q.

    Before you buy something you want, you should buy____

    answer choices

    something cheap.

    something you need.

    something expensive.

    something on sale.

  • Question 5
    300 seconds
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    Q.

    Setting a goal lets you,

    answer choices

    achieve nothing.

    forget the next steps.

    achieve what you want to do.

    spend more money.

  • Question 6
    300 seconds
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    Q.

    When you have a goal, you can _____

    answer choices

    plan out steps to achieve it.

    avoid bad decisions.

    buy more of what you want.

    buy more of what you need.

  • Question 7
    300 seconds
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    Q.

    Which of these things will NOT help you achieve a goal?

    answer choices

    Setting the goal.

    Hoping you meet it.

    Planning out steps to meet it.

    Prioritizing decisions.

  • Question 8
    300 seconds
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    Q.

    Tracking your spending can help you _____.

    answer choices

    spend more money.

    make good decisions.

    know where your money is being spent.

    spend less money.

  • Question 9
    300 seconds
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    Q.

    Which of these is NOT true?

    answer choices

    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.

  • Question 10
    300 seconds
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    Q.

    Why is saving money important?

    answer choices

    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.

  • Question 11
    300 seconds
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    Q.

    If you have a budget, you _____

    answer choices

    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.

  • Question 12
    300 seconds
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    Q.

    Keeping track of what you earn, spend and save are key parts of a ____

    answer choices

    monthly allowance.

    investment strategy.

    paycheck.

    budget.

  • Question 13
    300 seconds
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    Q.

    Which is a reliable source of information when trying to research something you plan to buy?

    answer choices

    Friends

    Advertisements

    Expert Reviews

    social media

  • Question 14
    300 seconds
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    Q.

    A job is ____

    answer choices

    Something you need to do.

    Something you do to earn money.

    Something you do when you are bored.

    Something you are told to do.

  • Question 15
    300 seconds
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    Q.

    A career is _____.

    answer choices

    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.

  • Question 16
    300 seconds
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    Q.

    How is a career path different from a job?

    answer choices

    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.

  • Question 17
    300 seconds
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    Q.

    If someone likes animals, and becomes a zookeeper, they have chosen a career based on ______.

    answer choices

    Income

    Skills

    Interests

    Abilities

  • Question 18
    300 seconds
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    Q.

    If someone can cook and bake and they become a chef, they have chosen a career based on

    answer choices

    Income

    Salary

    Interests

    Skills

  • Question 19
    300 seconds
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    Q.

    What is the difference between salary and wage?

    answer choices

    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.

  • Question 20
    300 seconds
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    Q.

    Cash is _____

    answer choices

    money you'll borrow.

    money you'll pay back later.

    money you have today.

    money you don't have.

  • Question 21
    300 seconds
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    Q.

    Credit is _____

    answer choices

    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.

  • Question 22
    300 seconds
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    Q.

    A debt is _____

    answer choices

    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.

  • Question 23
    300 seconds
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    Q.

    Using cash is a good idea for ____

    answer choices

    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.

  • Question 24
    300 seconds
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    Q.

    A credit history is ____

    answer choices

    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.

  • Question 25
    300 seconds
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    Q.

    What is the connection between goals and savings?

    answer choices

    Goals can give you a reason to save.

    You can buy goals

    You can save goals.

    Goals and savings are not connected.

  • Question 26
    300 seconds
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    Q.

    Interest earned on a savings account is ____

    answer choices

    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.

  • Question 27
    Ungraded
    300 seconds
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    Q.

    How are simple and compound interest different?

  • Question 28
    300 seconds
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    Q.

    Insurance can help ______

    answer choices

    add money to you savings account.

    in an emergency.

    with making ends meet regularly.

    None of the above.

  • Question 29
    Ungraded
    300 seconds
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    Q.

    Why might a stock be an investment that can have some risks?

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