Personal Finances

What does barter mean?

• denominations

• trade

• money

• exchange

What does denomination mean?

• face value of money

• money

• religion

• counting

What is the Federal Reserve responsible for?

• saving money

• taking tax payers money

• creating and tracking all of the money in the U.S.

• removing moving

Which denomination of money does not exist?

• $2 dollar bill

• $5 dollar bill

• $500 dollar bill

• $1000 dollar bill

What are the two main parts of a budget?

• the list and the spending

• income and expenses

• savings and lending

• borrowing and spending

What type of taxes are taken automatically from your salary?

• Health insurance

• Car insurance

• income tax

• state tax

What government agency do we report income taxes to?

• Homeland security

• FBI

• White House

• Internal Revenue Service

Define budget.

• How much you spend

• How much you earn

• a plan for spending and saving money

• grocery list

How do you determine your monthly income?

• Subtract your bills from your annual salary

• Divide your annual salary by 12

• Add all your expenses and savings

• Divide your salary by 6

How much of you salary should you save per month?

• 20% of your salary

• 15% of your salary

• 10% of your pay check

• Halk of your check