Personal Finance Review

Multiple Choice

Money you earn through work

• Taxes

• Interest

• Income

• Credit Card

Multiple Choice

Which item could be classified as a NEED?

• Food

• A boat

• Movie ticket

• An xbox

Multiple Select

A budget is... (select all that apply)

• Your credit card bill at the end of the month.

• An estimate of income/expenses (spending) for a set period of time.

• The price of your insurance for the year.

• A tool to help manage your money.

Multiple Select

Why is creating a budget so important? (Select all that apply)

• It can help you reach your savings goals for what you want or need.

• It can help you make better financial decisions.

• It can help you see your spending habits so you can adjust them to what you want or need.

• It can help you keep track of your neighbor's financial habits.

• It can help you get a better job.

Multiple Choice

How does a credit card work?

• You load the card with your own money.

• It is unlimited and you don't have to pay it back.

• It is loaned/borrowed money you pay in one large bill at the end of each month.

Multiple Select

What may be a penalty for a late credit card bill payment? (Select all that apply)

• Interest added to your future payments

• The teacher gives you silent lunch

• Your credit scores goes down

• Extra money added to your checking account

Multiple Choice

What may the bank do with the money in your savings account?

• Use it to create a sculpture in the bank

• Let you take it out whenever you want with your debit card

• Use it to throw a party

• Use it to give out loans to other customers

Multiple Choice

When you choose to pay only small amounts of your credit card bills, you may end up in debt.

• True

• False

Multiple Choice

What does the money in your savings account gain over time?

• Interest

• Internet

• Debt

• Nothing

Multiple Choice

A debit card is paid by or linked to your...

• Pet fish

• Savings account

• Budget

• Checking account

Multiple Choice

When the bank charges interest on a loan we borrow, we must...

• Pay more money than we borrowed from the bank

• Pay less money than we borrowed from the bank

Multiple Choice

Which option is the BEST credit score?

• 100

• A number below 200

• A number over 700

• 0

Multiple Choice

A stock is...

• The term for when your card declines

• A share or portion of a company that you can own

• A credit card bill

Multiple Choice

When can the stock market change (profit or lose money)?

• Once a month

• Daily

• Once a year

• Never

Multiple Choice

What must we remember when looking at a salary?

• Taxes will be taken out of that amount before you are paid

• It's unlimited

• That is the amount you are paid for a week of work