Personal Budget

Personal Budget

Assessment

Flashcard

Other

9th Grade

Hard

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14 questions

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1.

FLASHCARD QUESTION

Front

Which of the following refers to personal belongings which have value? Assets, Liabilities, Net worth, Net profit

Back

Assets

2.

FLASHCARD QUESTION

Front

__________ is a personal asset.

Back

Cash

3.

FLASHCARD QUESTION

Front

Saoirse has total assets of $120,000 and total liabilities of $80,000. What is her net worth?

Back

$40,000

4.

FLASHCARD QUESTION

Front

Which of the following are itemized summaries of the expected income and expenses for a defined period, typically one month? Assets, Liabilities, Budgets, Finances

Back

Budgets

5.

FLASHCARD QUESTION

Front

Which would be considered a short-term goal? Options: Saving for college, Saving for retirement, Starting a new career, Saving for a family vacation

Back

Saving for a family vacation

6.

FLASHCARD QUESTION

Front

Callum is the type of person who likes to plan for the future and be prepared for any type of financial situation, Callum is most likely a _________.

Back

Security seeker

7.

FLASHCARD QUESTION

Front

Budgets rely on balance.

Back

True

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