Budget and Balance Sheets Quiz

Budget

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• What something would be worth if you sold it today

• Something you acquire with the ultimate goal of making money.

• Certificates that function like IOUs—promises to repay a certain amount of money at some future time

Personal Balance sheet

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• What something would be worth if you sold it today

• Something you acquire with the ultimate goal of making money.

• Certificates that function like IOUs—promises to repay a certain amount of money at some future time

Investment

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• What something would be worth if you sold it today

• Something you acquire with the ultimate goal of making money.

• Certificates that function like IOUs—promises to repay a certain amount of money at some future time

Tags

CCSS.HSF.IF.B.4

CCSS.HSS.MD.B.5

Bonds

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• What something would be worth if you sold it today

• Something you acquire with the ultimate goal of making money.

• Certificates that function like IOUs—promises to repay a certain amount of money at some future time

Stocks

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• Homes, rental property, farms, and other land

• Professionally managed investments that allow investors to pool their money in order to invest in a larger variety of financial assets such as stocks and bonds from many different companies.

• Certificates that represent fractional ownership of a firm

Real Estate

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• Homes, rental property, farms, and other land

• Professionally managed investments that allow investors to pool their money in order to invest in a larger variety of financial assets such as stocks and bonds from many different companies.

• Certificates that represent fractional ownership of a firm

Mutual Funds

• A financial statement that tells your financial position at a specific point in time.

• A forecast of future cash inflows and outflows

• Homes, rental property, farms, and other land

• Professionally managed investments that allow investors to pool their money in order to invest in a larger variety of financial assets such as stocks and bonds from many different companies.

• Certificates that represent fractional ownership of a firm

Jeff has $1,000 in a savings account, $340 in his checking account, and $2,100 in stock that his grandmother gave him. He also owns his car, which is worth about $3,200. How much does jeff have in liquid assets?

• 1300

• 1340

• 1250

Tags

CCSS.4.OA.A.3

Emily owns 50 shares of Company Y’s stock that is currently selling for $170 a share. She also owns 65 shares of Company Z’s stock worth about $47 a share. What is the total value of her stock holdings?

• 8500 and 11555

• 850 and 12000

• 9000 and 11500

Tags

CCSS.7.EE.B.3

Kevin’s grandfather left him 100 shares of Apple Inc. and 40 shares of Ford Motor Company. How much is his stock worth, assuming Apple sells for $536 a share and Ford sells for $9.85 a share?

• 54000

• 5375

• 53994

Tags

CCSS.7.EE.B.3