Personal Finance

Tom is making a list of his expenses that he has each month (car payment, rent, bills, etc.). He may be creating a(n) ________.

• checking account

• expense

• budget

• profit

Mike is building a deck for a friend. He purchases $600 of materials and charges his friend $1500 for the deck. Mike's profit is ______.

• $600

• $1500

• $900

• $2100

Which of the following involves borrowing money from a bank when used?

• a debit card

• a credit card

• a checking account

• a withdraw

Which of the following is NOT like the others?

• income

• salary

• wage

• expense

When somebody puts their paycheck into the bank, they make a ______.

• deposit

• withdrawal

• loan

• profit

Joe goes to the ATM to take cash out of his checking account. This is called a ________.

• withdrawal

• deposit

• loan

• profit

water bill, telephone bill, rent, car payment; these are all examples of:

• expenses

• loans

• profits

• deposits

Amy makes $12.50 an hour. This is her hourly ________.

• expense

• credit

• wage

• deposit

A person may be in ______ if their income is less than their expenses.

• loan

• debt

• credit

• profit

Tamara wants to open a ________ to deposit her weekly income into.

• credit card

• checking account

• loan

• budget