1st quiz create a budget 5-11-20

Which of the following is an example of a need for most people?

• A place to live
• A nice car
• Designer jeans

Tags

CCSS.RL.5.2

CCSS.RL.6.2

CCSS.RL.4.2

CCSS.RL.4.9

CCSS.RL.5.9

It's important to spend money on things you need before spending money on things you want.

• True
• False

Tags

CCSS.RL.5.2

CCSS.RI.5.2

CCSS.RI.4.2

CCSS.RL.5.1

CCSS.RL.6.2

Which of the following is an example of a want for most people?

• A warm jacket
• Transportation
• Ice cream

People who earn paychecks pay income taxes to the government.

• True
• False

Tags

CCSS.RL.5.2

CCSS.RI.5.2

CCSS.RI.4.2

CCSS.RL.5.1

CCSS.RL.6.2

A salary is paid over a set period of time.

• True
• False

People who are paid by the hour earn a salary.

• True
• False

Tags

CCSS.RL.5.2

CCSS.RI.5.2

CCSS.RL.6.2

CCSS.RI.6.2

CCSS.RL.4.2

Paying with a ______ _____ takes cash of your checking account.

• Credit card
• Debit Card
• Gift Card

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

What's the best way to know if you are getting a good deal on what you're buying?

• Return policy
• Compare prices
• Ask Friends

Food, heat, cable, internet, and dog food are examples of what?

• Household assets
• Household income
• Household expenses

Tags

CCSS.RI.5.7

CCSS.RI.6.7

CCSS.RL.4.7

CCSS.RL.5.7

CCSS.RL.6.7

Having enough money to cover all your expenses mean you have ____

• Debt
• Balanced Budget
• Uneven Budget