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- 1. Multiple Choice
All of the following words mean money you make or earn, EXCEPT which word?
Wage
Salary
Income
Rent
Paycheck
- 2. Multiple Choice
A fixed expense is one that stays the same from month to month.
True
False
- 3. Multiple Choice
Which is a fixed expense?
Rent
Food
Electric Bill
Entertainment
- 4. Multiple Choice
A variable expense is one that changes from month to month.
True
False
- 5. Multiple Choice
Which is a variable expense?
Rent
Car Payment
Food
Insurance
- 6. Multiple Choice
What is a source of money you make?
Mortgage
Rent
Insurance
Wage
- 7. Multiple Choice
A personal budget lets you know what expenses and income you have so you can make good financial decisions.
True
False
- 8. Multiple Choice
Which is true about a personal budget?
A budget is not helpful.
A budget does not need to be done every month.
A budget helps decide how to spend and save your money.
- 9. Multiple Choice
What is a need?
An item you would like to have.
An item you have to have to survive.
- 10. Multiple Choice
What is a want?
An item you would like to have.
An item you have to have to survive.
- 11. Multiple Choice
Money borrowed from a bank.
debt
budget
loan
expense
- 12. Multiple Choice
A mortgage is a loan for...
a car
college
a house
- 13. Multiple Choice
What is debt?
Money that is owed.
Money that is received.
- 14. Multiple Choice
Debt can be good and bad.
True
False
- 15. Multiple ChoiceMoney spent is called...incomenet gainexpense
- 16. Multiple Choice
What is a check?
An automated teller machine
A plastic card that requires a pin number and is attached to your bank account
A form of savings
Pre-printed form of payment that is attached to your bank account
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