Future Smart - Everfi

A new pair of designer sneakers is an example of a:

• Need

• Want

Which of the following is NOT part of a budget?

• Income

• Fixed Expenses

• Charitable Giving

• Opportunity Costs

Advertisements are the best source for gathering information about goods and services.

• True

• False

Expenses that fluctuate up or down each month based on the decisions a person makes is called:

• Variable Expense

• Invariable Expense

• Personal Expense

Which of the following has the highest unit price?

• 8 apples of $6.00

• 2 oranges of $0.75

• 6 lemons for $2.00

A debit card is directly connected to a person's:

• Bank Account

• Mobile Phone

• Credit Card

There is no penalty for missing a credit card payment.

• True

• False

Fixed amount that's paid to students or interns on a scheduled basis.

• Bonus

• Commission

• Stipend

Which of the following factors are used to determine a credit score?

• Payment History

• Amount Owed

• Length of Credit

• All of the options listed

The amount of pay a person takes home after taxes are taken out is called:

• Gross income

• Net pay

• A wage