Unit #2 PFL & Eco Exam (2024 Version)

Unit #2 PFL & Eco Exam (2024 Version)

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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33 questions

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1.

FLASHCARD QUESTION

Front

You should always make sure you have a _____ .

Back

Budget

2.

FLASHCARD QUESTION

Front

To gain an understanding of your personal finances, you should know _____ .

Back

Where you stand financially, how much income you have, what goals you want to set, and how you'll reach those goals

3.

FLASHCARD QUESTION

Front

Personal finance is all the financial decisions a(n)_____ must make in order to earn, budget, save, spend, and give money over time.

Back

Individual or family

4.

FLASHCARD QUESTION

Front

What is financial literacy?

Back

The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.

5.

FLASHCARD QUESTION

Front

If your assets total more than your liabilities, you will have a(n)_____ net worth.

Back

Positive

6.

FLASHCARD QUESTION

Front

Which of the following is NOT a component of a budget? Credit score, Saving, Income, Giving

Back

Credit score

7.

FLASHCARD QUESTION

Front

Going to the movies is an example of what types of expense?

Back

Discretionary and variable

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