Personal Finance JA section 4

Personal Finance JA section 4

6th - 8th Grade

15 Qs

quiz-placeholder

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Personal Finance JA section 4

Personal Finance JA section 4

Assessment

Quiz

Other

6th - 8th Grade

Hard

Created by

Michael Salz

Used 18+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A record of income and expenses

interest
expenditures
income
budget

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Discretionary income is 

extra money after you pay your bills
part of your monthly bills
money you can't spend
money lost to taxes

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following would be part of monthly bills every month?

water
electricity
insurance
all of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which pay is your take home pay after taxes?

net income
gross income

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Net income minus expenses gives us your what?

bills
interest
account balance
income

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When you buy one thing it might make it so you can't buy another item you want also. What is this called in our book?

lame situation
bad luck
opportunity cost
scarcity

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When making a budget you should save some money for long term goals. How long are long term goals?

over a week
over a month
over 20 years
over a year

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